suppose one dealer has hq at mumbai and branch office at delhi. the dealer make stock transfer of his product from mumbai to delhi by rail and sell product to his party on arrival at delhi after raising invoice on VAT. He deliver the product to party's godown directly from railway siding without sending the material in own godown. Is it branch stock transfer or inter state sale under cst?

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Should the law exist to protect us from ourselves?

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1.why do u want to join his lpo? 2. Why do u want to leave litigation? 3. why do u think that there is no scope in litigation?

1 Answers   Integreon,

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What would it be like to live in a country with no laws?

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% of fbt on travelling

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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?

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company definition

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What are the fundamental differences between US and British Law? What are the implications of this?

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What law is broken every day by most people?

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"No consideration,No contract" .Discuss consideration in light of this phrase.

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Should judges have a legislative role?

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What is Sweat Equity

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