LLP
This query is : Resolved
07 November 2019
There are two partners in an LLP which had been incorporated in 2018. The LLP had acquired a property (Capital Asset, say Land) in its name.
Now in 2019, two new partners are introduced to LLP and after few months, the old partners retire. Would it amount to transfer of property or not in such a case?
Now in 2019, two new partners are introduced to LLP and after few months, the old partners retire. Would it amount to transfer of property or not in such a case?
27 May 2020
No it would not amount to transfer of property.
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