Regarding Transfer of Asset
This query is : Open
08 December 2025
When A Partner Transfers his assets to Partnership firm , whether it will be considered as Sale of assets or not ? if , yes , Whether it will be taxed as capital gain or not ?
08 December 2025
Yes, when a partner transfers his personal asset to the partnership firm as capital contribution, it is treated as a transfer under Section 45(3) and accordingly it will be taxed as capital gain, and the value recorded in the books of the firm is taken as the full value of consideration for computing the capital gain.
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