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Impact of capital gain on change in partnership ratios

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(Querist)
26 September 2022 A fir had four partners. One died and the other three decied to continue the firm with revised sharing ratio. Is there any capital gain attraction? there is a commercial building registered in the name of the firm
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 September 2022 Capital gains arises only when there is payment to partners in excess of their contribution.

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