Capital Gian
This query is : Resolved
05 September 2010
Suppose if a partnership firm, is transferring some listed shares to a partner at a cost. The shares are held as investment by the partnership firm. What is the tax treatment in the hands of partner and partnership firm?
Kindly note that the shares are not transferred on account of dissolution of firm or retirement of partner.
Kindly note that the shares are not transferred on account of dissolution of firm or retirement of partner.
05 September 2010
firm will be liable for tax at the market rate of the shares as per section 45(4). The section states assets distributed on dissolution, retirement or otherwise.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
