CAPITAL GAIN
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2011
A FIRM HAVING 5 PARTNERS,4PARTNES WAS RITA YER ON 31/12/2010 & 4 NEW PARTNERS JOIN AS PARTNER ON SAME DAY.ONE OLD PARTNER REMAIN SAME.
IS THERE ANY CAPITAL GAIN TAX LIABILITY ON RITAYER PARTNERS
IS THERE ANY CAPITAL GAIN TAX LIABILITY ON RITAYER PARTNERS
03 January 2011
capital gain does not arise on retiring of partner. You please send more details.
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