Nexus between 45(2), 45(3) and 50C of th Act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 January 2011
Kindly throw some light on the applicability of sections 45(2), 45(3) and section 50C of the Incometax Act when a person brings in his land as capital to the firm which is engaged in the real estate business. Taxability in the hands of the partner and the firm may be discussed.
Guest
Guest
(Expert)
27 January 2011
Very lenthy query. ask your problem
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