Individual convert of partner

I have land in my name and I was made a partner of the firm by adding the value of my land to the partnership firm. But the land is now in my name only.
The land is being sold by me in my name mentioning the status of the partner of the firm.

If there is any case law related to this? Please provide me.
thanks
Replies (2)
Quick Summary
This discussion explores the tax implications when an individual contributes land to a partnership firm, with the land remaining in their personal name. The core issue is whether capital gains tax is applicable upon the sale of this land, even though it was added as capital to the firm. The user is seeking case law to support their situation and understand the tax treatment of such transactions.

Your land will be shown as capital introduced by partner in firm and partner has to pay capital gains tax gains on this
Any case law?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details