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Income Tax - Highlights / Catch Notes

Home Highlights October 2011 Year 2011 This

Retirement from partnership firm - lump sum payment in ...

Income Tax

October 19, 2011

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

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