TMI BlogWhen a retiring partner takes only money towards the value of his share and when there is no...When a retiring partner takes only money towards the value of his share and when there is no distribution of capital asset/assets among the partners there is no transfer of a capital asset and consequently no profits or gains is payable u/s 45(4) - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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