When a retiring partner takes only money towards the value of ...

Monetary Compensation to Retiring Partner Not a Capital Asset Transfer, No Tax u/s 45(4) of Income Tax Act.

November 16, 2013

Case Laws Income Tax HC

When a retiring partner takes only money towards the value of his share and when there is no distribution of capital asset/assets among the partners there is no transfer of a capital asset and consequently no profits or gains is payable u/s 45(4) - HC

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When a retiring partner takes only money towards the value of ...

Monetary Compensation to Retiring Partner Not a Capital Asset Transfer, No Tax u/s 45(4) of Income Tax Act.

November 16, 2013

Case Laws Income Tax HC

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