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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Section-45(4) of the Act mandates the assessee firm to be liable ...

Income Tax

September 8, 2015

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

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