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Capital gain on transfer of assets of firm to partners'

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(Querist)
04 July 2012 AB is a partnership firm, which has been dissolved in FY 2011-12.
On dissolution, a plot in the name of partner A (which appears in Balance sheet of AB)is being taken by partner A, what will be taxability of the same in the hands of firm and how to determine the same
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
16 January 2013 if it is dissolved then capital gain tax will be attract.
market value of plot will be sales consideration.

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