while dissolution of firm immovable property sharing between the partners capital gain treatment
my clint is partnerhsip firm one of the partner is bringing his share of capital by wasy of land and the firm is constructed the building and the firm having a retail trade, rent collected on building is treated as a business income and not claimed depreciation so that my clint is taking interest on capital and remuneration in theat profit. Now my clint want to dissolve the parthersip firm please clarify that how to proceed the wheather building is long term or short term asset please clarify the how to proceed
Regards
Kodanda Pani.G
9963110769
gkpani2003 @ rediffmail.com