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TRANSFER/MERGER OF ONE LLP WITH ANOTHER LLP

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(Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 August 2021 As partners are the same capital gains tax not applicable on such merger.
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RAJESH KUMAR

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RAJESH KUMAR (Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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
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