Easy Office

Capital gain


25 January 2021 Their is dissolution of partnership firm and one of partner continue same business in proprietorship.
But their is one immovable property in partnership firm so on transfer of capital assets capital gain issue comes in the firm. we are transferring capital assets on book value.
so how we calculate capital gain in firm ,which amount to be considered as sales consideration and cost of purchase..

25 January 2021 Read below mentioned article https://www.google.com/amp/s/taxguru.in/income-tax/transfer-property-firm-partners-taxation-aspects.html%3famp



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries