Capital Gain
This query is : Resolved
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.
16 April 2008
u/s section 2(47) of the IT act, 1961 transfer includes relinquishment of right.
19 April 2008
IT IS TRANSFER AND CAPITAL GAIN SHALL ARISE
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