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    August 13, 2025 News Indian Laws
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    Income Tax

    Capital gain u/s 45(4) - payment to the retiring partners - All...

    No Capital Gain for Retiring Partners u/s 45(4) as No Asset Transfer Occurs in Partnership.

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    Capital gain u/s 45(4) - payment to the retiring partners - All that happened was the firm's assets were evaluated and the retiring partners were paid their share of the partnership asset, there was clearly no transfer of capital asset - no capital gain

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