and this balance sheet is till 31st march 2011 , and we selled of our share on 30th july 2011...
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Tax ability in case where selling share of partnership firm
please give me your gmail id so that i can contact and chat there with you ...
hey paras ....
do you want any other info regarding that ?/
now u can tell that how much amount is taxable ?
Sir, If that partner (non-resident) while retiring, sell his share to a foreign company, then in this case whether capital gain tax can be levied on him ? [taking an assumption that capital asset is situated in India]
What if partner is selling his share to a third person for a consideration higher than his invested capital in firm?
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