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Property name of partner and payment partner ship firm

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(Querist)
04 February 2022 Sir,
A partner ship firm purchase of property registered name in partner and property value payment through on partner ship firm.
Question:
1.Above transaction treatment firm and partner account (both persons) show in books in it act
2.capital gains applicable.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 February 2022 1 Show it in books of accounts of firm as property can't be purchased in the name of the firm.
2 Capital gains applicable to the firm when the asset is given to the partner.
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Kollipara Sundaraiah

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Kollipara Sundaraiah (Querist)
06 February 2022 sir, thanks reply any another question (post not found) message show all questions not accept.
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