x and y are holding 26% and 74% in LLP. Out of 74% of Y's share, he transfered 30% to new partners P and Q. Wether Capital gain tax attracts on such transer? if yes wether Partner has to pay tax or LLP?
SD Prasad Veerapaneni (Partner) (66 Points)
11 February 2014x and y are holding 26% and 74% in LLP. Out of 74% of Y's share, he transfered 30% to new partners P and Q. Wether Capital gain tax attracts on such transer? if yes wether Partner has to pay tax or LLP?
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 11 February 2014
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