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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

When a partner retires from the firm and receives share of ...

Income Tax

October 17, 2016

When a partner retires from the firm and receives share of amount calculated on the value of partnership asset including goodwill of the firm, there is no transfer of interest of the partner in the goodwill and no part of the amount received is exigible as capital gain u/s 45 - AT

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