Answers to queries on legal issues
If you have a query relating to any legal issue, you can
use the form to ask it. We will request our eminent panel of Advocates and Chartered Accountants to provide an answer as soon as possible. This service is for a limited period. So, please avail of it soon
| QA Test 1 |
| Subject: |
QA Test 1
|
| Category: |
Income-tax |
| Asked by: |
QA Test 1 |
| Answered by: |
Advocate Denning
|
| Tags: |
block of assets, Depreciation |
| Date: |
April 21, 2021 |
| Excerpt of answer: |
The concept of "block of assets" was introduced with effect from 01.04.1988. To understand the concept, lets look at the statutory provisions. Provisions of the Income-tax Act: Section 32 (1) reads as follows: "32. (1) In respect of depreciation of - (i) building, machinery, plant or furniture, being tangible assets; (ii) know-how, patents, copyrights, trade… (read more) |
| Can a co-op housing society compel members to pay donation? |
| Subject: |
Can a co-op housing society compel members to pay donation?
|
| Category: |
GST, Income-tax |
| Asked by: |
Narendra Rajput |
| Answered by: |
Advocate Mary Gonsalves, Kishore
|
| Tags: |
Family Arrangement |
| Date: |
April 18, 2021 |
| Excerpt of answer: |
Section 79A of the Maharashtra Cooperative Societies Act reads as follows: “79A. Government’s power to give directions in the public interest, etc. (1) If the State Government, on receipt of a report from the Registrar or otherwise, is satisfied that in the public interest or for the purposes of securing proper implementation of cooperative production… (read more) |