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Capital Gain

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(Querist)
16 April 2008 What is the Taxability for Relinquishment of right of share by an existing partner in partnership firm in favour of incoming partners.
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Reetika Goel

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Reetika Goel (Expert)
16 April 2008 u/s section 2(47) of the IT act, 1961 transfer includes relinquishment of right.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
19 April 2008 IT IS TRANSFER AND CAPITAL GAIN SHALL ARISE
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