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Transfer of partners share to his son

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(Querist)
08 February 2025 A partner has 33% of shares in partnership firm and wants to transfer his total shares to his son, whether the transfer will be done just by admitting his son as new partner , or by way of gift
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 February 2025 Transfer will be done just by admitting his son as new partner in place of father.
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