Cost of the Land & Building
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2010
On transfer of the Land and building by a partner to the firm, whether it is to be transferred at cost of acquisition, indexed cost or Fair Market Value?
Aditya Maheshwari
(Expert)
29 May 2010
it can be transferred at any value.
Transfer from firm to partner will always be at market value
Transfer from firm to partner will always be at market value
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