if partner from partnership firm is going toretire and recieves his capital and also certain amount
then what r the tax implication on this ceretain amount
Menu
retirement of partner
Replies (1)
Hi Shruthi,
In my view Receipts of Capital portion is not subject tax, since It will not fall within Meaning the definition of income under IT Act.
and please give the details / naturer of "Certain amount".
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
