A partnership firm has taken a property in 2007, (deed has been made at name of partner). in 2011 partner is retired from the firm and cost of his share in property has been transfer by a firm to a partner at time of his retirement. but property is continue at name of retired partner
- New partner is entred in firm (2014)
- now in 2017 firm has sale the property
- what is the effect of capital gain in hands of retired partner???
CAclubindia
