Long term cap. gain
This query is : Resolved
26 January 2015
is long term capital gain charged at different rate for a firm than for an individual.
ps-i have a property in my partnership firms name. if i transfer it to partners personal names ablnd then sell it, does it allow any tax benefits?
CA PARAS BAFNA
(Expert)
26 January 2015
The rate of Tax on Long Term Capital Gains is the same for a firm and for an Individual.
.
Transferring the asset in the partner's hand will also make liable to the firm for capital gains tax.
.
.
Transferring the asset in the partner's hand will also make liable to the firm for capital gains tax.
.
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