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Income Tax - Highlights / Catch Notes

Home Highlights June 2012 Year 2012 This

Capital gains - Conversion of partnership firm into company - ...


Converting a partnership into a company may trigger tax implications, but exemptions exist u/s 47A and 47(xiii).

June 8, 2012

Case Laws     Income Tax     AT

Capital gains - Conversion of partnership firm into company - exemption - conversion of balance in capital account of a partner into loan - transfer - Section 47A r.w.s section 47(xiii) - AT

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