Capital gain on partnership firm
This query is : Resolved
Vijay Gour
(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 ?
CMA Nishad Patkar
(Expert)
01 July 2014
Yes, it would be in the hands of Firm in the year in which firm is dissolved.
Rupesh Jain
(Expert)
01 July 2014
if assets sold by the firm then gain arise.
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