This query is : Resolved 

30 January 2013

On dissolution of firm/partnership, stock in trade are given to partners, then it will attract d criteria of sec 45(4),valuation? As Stock is not generally consider capital asset.

30 January 2013

Transfer of Stock in trade will result into business income. 45(4) has application in case of Capital assets.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
Download GST App    |    x