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CAPITAL GAIN

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2011 A FIRM HAVING 5 PARTNERS,4PARTNES WAS RITA YER ON 31/12/2010 & 4 NEW PARTNERS JOIN AS PARTNER ON SAME DAY.ONE OLD PARTNER REMAIN SAME.
IS THERE ANY CAPITAL GAIN TAX LIABILITY ON RITAYER PARTNERS
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
03 January 2011 capital gain does not arise on retiring of partner. You please send more details.

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