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Income Tax on Shares in DMAT of Partnership Firm

Tax queries 308 views 1 replies
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CEO
49 Points Posted on 26 May 2024

Partnership firm desires to open DMAT account. All Partners wants to transfer some of their shares in, firm's new Dmat account.

Partners are adding capital in partnership firm in way of shares. What will be tax as Income Tax?

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On 26 May 2024 at 11:30 Report
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Practising CA
8954 Points Posted on 26 May 2024
The value at which the shares are recorded in the partnership firm will be considered as the full value of consideration and capital gains will be triggered in the hands of partner

Sec 45(3)
30 Reply
On 26 May 2024 at 15:03


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