CAPITAL GAIN

This query is : Resolved

Prashanth (Querist)
Follow

25 June 2010 Hello friends
Any cash received by a partner on his retirement by selling of his share in profit to the firm is that taxable?

Aditya Maheshwari (Expert)
Follow

26 June 2010 Anything above received will be termed as goodwill and will be taxable under the head capital gains.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess