TRANSFER/MERGER OF ONE LLP WITH ANOTHER LLP
This query is : Resolved
05 August 2021
WHETHER TRANSFER OR MERGER OF ONE LLP TO ANOTHER LLP BE CONSIDERED AS TRANSFER FOR THE PURPOSE OF CAPITAL GAIN IF PARTNERS ARE SAME IN BOTH THE LLP'S
THANKS IN ADVANCE
THANKS IN ADVANCE
05 August 2021
As partners are the same capital gains tax not applicable on such merger.
06 August 2021
Thank you sir,
Actually in my query designated partners are same in both the LLP and other partners are different,
Will there be any changes in the tax implication
Also please quote the relevant provision you are referring to.
Actually in my query designated partners are same in both the LLP and other partners are different,
Will there be any changes in the tax implication
Also please quote the relevant provision you are referring to.
06 August 2021
See the link for more clarity.
https://www.google.com/amp/s/taxguru.in/corporate-law/framework-restructuring-limited-liability-partnership.html%3famp
https://www.google.com/amp/s/taxguru.in/corporate-law/framework-restructuring-limited-liability-partnership.html%3famp
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