04 February 2022
Sir, A partner ship firm purchase of property registered name in partner and property value payment through on partner ship firm. Question: 1.Above transaction treatment firm and partner account (both persons) show in books in it act 2.capital gains applicable.
04 February 2022
1 Show it in books of accounts of firm as property can't be purchased in the name of the firm. 2 Capital gains applicable to the firm when the asset is given to the partner.
CAclubindia
