TMI BlogSection-45(4) of the Act mandates the assessee firm to be liable for capital gain tax arising out of the...Section-45(4) of the Act mandates the assessee firm to be liable for capital gain tax arising out of the transfer of its asset to the retiring partner even in the circumstance when the partnership is reconstituted on retirement of a partner. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
