Capital gain on the deceased partner settlement

chkalyan (JUNIOR) (25 Points)

05 March 2014  

Hi All,

 

Recently My Mother-In-Law expired. She and my father in law are the only partners in a firm which is having an asset also.Now we want our brother in law to take care of her share. Can any one help us out with a solution wihout effecting the capital gain.We are not planning to sell the property.Just her son is entered into the new partner ship deed.

 

Please suggest.

 

Regards,

Kalyan.