If A gave B £100 thinking it was a loan and B accepted the money thinking it was a gift, should he have to give it back?
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I have form16 of the year 2007-08 & 2008-09(INCOME LESS THAN 4.5 LAKH).Do not have form16 of 2009-10.shall I get non-creamy layer certificate
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There are three partners in a partnership firm. The firm has office premises in the name of firm. Depreciation on this asset is charged every in the books of the firm. Now after depreciation the book value of this assets has become Rs. 1000. Whereas the market vakue of this premises id Rs. 10 crorer. To bring this property at MV the partners revalued this premised at Rs. 8 crorers in the books of the firm and accordingly credited partner's capital account in their profit sharing ratio. My questions are as under. What is the income tax liability of the firm on revaluation? What is the income tax liability of partner of each partner on revaluation and credit to his capital account. In future whether depreciation to the firm is allowed on revalued amount under the income tax act. What happens to the tax liability if one partner withdraw his entire capital from the firm which includes credit on revaluation of office premises? When partners can withdraw out of their credit balance in their capital account without attracting any tax liability either by the firm or by partner? What happens if one partner retires and he gets amount equal to his capital account which inclides credit on account of revaluation? is there any tax liability to the retiring partner?
hi i have a problem plz help me. my husband went to USA 4 years back, now he is rejecting now a days he is not calling me, my parents r in deep depression,am not getting what action i have to take, now i want to teach a lesion to him, when he is going to USA he take fake bank statements and fake experience letters, i have all the documents with me, as a indian wife i support in all the directions when he is going to USA, still now am waiting for him plz give me some phone numbers and email id's to give complaint
whether WCT is applicable on free issue of material?
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