Menu
conversion of partnership firm
Q. Does conversion of partnership firm into company amount to succession by company? if yes how to compute capital gain in the hands of partners on account of transfer of profit sharing right by the partners in consideration of shares issued to the partners by the newly formed company?
Replies (1)
In the case of conversion under part IX of companies Act. It will be viewed as succession
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
