Legal Provisions on Reconstitution of a firm and its Tax Impact

Namita Agarwal , Last updated: 05 September 2024  
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1. Sec 45(1) of the Act states as follows: Any profits or gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H be chargeable to income-tax under the head "Capital gains",

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Namita Agarwal
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Category Income Tax   Report

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