Suppose during the FY a firm sells a land to 3rd party and during the same year the firm dissolves
What Tax consequences will be attracted on both the firm and the partners at time of sale of land and at time of dissolution ?
If capital gain Tax is paid by the firm on sale of land then will it again be taxable in hands of partner when the dissolution takes place?
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Partnership firm and partner taxation
Replies (3)
Quick Summary
Then will it again be taxable in hands of partner when the dissolution takes place?
-> No.
-> No.
Is he the sole partner???
@ My Dear Great Mr Sabyasachi Mukherjee Sir,
What You mean for " Is he the sole partner???"...???
Please explain this word "Sole Partner"
What You mean for " Is he the sole partner???"...???
Please explain this word "Sole Partner"
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