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should legislation make changes in section-304 ipc(dowry death)
Why do you want to become a solicitor?
what is the full form of poto, tada, and gujkok
I am service provide, can i issue c form against my purchase ? i.e. we providing crane rental service, can i purchase crane against form c ?
what is a/c no. 1,2 21 and other in esic calcultion?
what is non tax audit & due date for & if return is not filed within due date then
If original f-form is not available what the provision about central sales tax
Is wearing school uniform a breach of human rights?
Sir, I got admission in medical college through management quota & I belongs to OBC category having caste,validity & noncreamy layer certificate,yearly income less than 4 lakh. shall I get admission fee concession & scholarship on caste basis
what is the law of human psychology?
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?
If you have got a client who refuses to go to court despite being summoned for multiple charges. What advice would you give him?
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