Taxablity issue

This query is : Resolved

siddharth (Querist)
Follow

17 March 2015 is having a share in a partnership firm as a partner be treated as a capital asset for taxation purposes? can one transfer such share to any person by entering into an agreement for transfer of rights and liabilities coming therewith for a lawfull consideration with or without the consemt of other partners

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

17 March 2015 there is no share as per compnaies act so there is no question of transfer...but there is share of profit concept...

u can be either a partner or non partner but cant transfer all rights and liabilities as u have asked.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now