Hello Friends,
An individual having commercial property in his personal name was transferred as an asset in his partnership firm by way of J V Partnership Firm is claiming depreciation deduction and also showing rent from the property as income Now the commercial property is to be sold Since the property is in individual name sale proceeds will come in his personal account My question is who will bear capital gains tax, individual or firm and if taxed in individual hands how to write off an asset in firm books?
gain
capital
property
commercial
Can ECB be availed of for making equity investment domestically or buying goodwill?
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commercial
external
Hello,
Do we need to apply under THE KARNATAKA SHOPS AND COMMERCIAL ESTABLISHMENTS ACT for a Trust registered in that state working for Women Education.
establishments
commercial
shops
karnataka
Dear friends
Kindly guide me on below:
1. A Company/LLP can it gift a commercial immovable property to the daughter of shareholder without attracting stamp duty
2. Secondly is stamp duty attracted in case of transfer of immovable commercial property by virtue of conversion of pvt company into a LLP
Thanks
property
immovable
commercial
transfer
Dear Members
If the pvt company converted into public in the f.y 1995 , under Companies Act 1956, whether the company need to apply certificate of commercial business, being a conversion.
business
commercial
certificate
requirement
Whether External Commercial Borrowings (ECBs) are exempted borrowings i.e. outside the purview of public deposit ?
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borrowings
commercial
external
