TMI BlogRetirement from partnership firm - lump sum payment in consideration of the retiring partner assigning...Retirement from partnership firm - lump sum payment in consideration of the retiring partner assigning or relinquishing his share or right in the partnership and its assets in favour of the continuing partners is transfer and liable to tax as capital gain .... - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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