banner_ad

Capital gain on partnership firm

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 June 2014 Whether capital gain tax will be imposed if a partnership firm get dissolved but business is takenover by one of partner i.e one of old partner surrender hi interest in favour of another partner ?
Profile Image

CMA Nishad Patkar

Profile Image

CMA Nishad Patkar (Expert)
01 July 2014 Yes, it would be in the hands of Firm in the year in which firm is dissolved.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
01 July 2014 if assets sold by the firm then gain arise.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details