09 December 2024
what will be my tax liability under section 45(4) of income tax act , if i have transferred my 20% shares to one of the partner in the firm and my capital balance as on such date is 73 lacs for a consideration of 2cr As per Section 45(4) capital gain is to be calculated - A=B+C-D What should be the value of D here? whether it is 73 lacs or Prop. capital 20% of 73lacs ?
CAclubindia
