what is the correct tax treatment of revaluation profit in the hands of retiring Partner?? is it taxable or exempt if yes under which section please reply urgently.
Thank You
satyashi (Student C.A. final) (212 Points)
21 September 2014what is the correct tax treatment of revaluation profit in the hands of retiring Partner?? is it taxable or exempt if yes under which section please reply urgently.
Thank You
CA Dhanesh Jangid
(CA)
(105 Points)
Replied 21 September 2014
CAclubindia
