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Partnership firm

Direct Taxation

If a partnership firm transfers asset to a partner at free of cost ( there is no reconstitution or dissolution) What will be the tax treatment? Whether it satisfy transfer definition, if so what will be full value of consideration?

sasidhar cheboyina

CA Final

★ 95

09-Nov-24 00:56

128

Answers (1)

It will be taxable as per various judgements.

Shiva Teja

Faculty

12-Nov-24 09:34

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