18 September 2016
U think ......all govt. share of a nationalized bank is sold out then that bank will convert into private bank ..............? And status of such bank employee will be non govt. Employee ?
19 September 2016
If the shareholding if the govt comes below 51% then it is not public sector undertaking.Gift shareholding has wide meaning it means shareholding of central govt,state govt,Public sector where the govt has more than 51% shareholding or combined holding of central and state govt
19 September 2016
Madam Govt plans to merge the public sector banks .as per my knowledge they do not have plans for disinvestment Not sold the shares as of now
20 September 2016
Whether interest on capital is deductible in assessment year 2016 - 17 in case of partnership business /individuals/Indian company ....??......if so.......... Then how many exemption limit available ..........??
20 September 2016
Interest on borrowed capital is deductible for all the cases.but in the case of partnership firm for the interest paid to partners only up to 12% is allowed to the firm .SI balance portion if interest (above 12%)is not taxable for partners Interest for borrowed capital is allowed u/s 36(1)iii.
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