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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

When a retiring partner takes only money towards the value of ...

Income Tax

November 16, 2013

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

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