Tax rate applied to partnership firm on slump sale

Dear member and colleuges,

Could anybody make me aware with the tax rate that should be applied to partnership firm , which is selling its networth to a company.??

i suppose tax rate should be 20 % as it is long term capital gain, but i m not sure with same

Regards 

Palak

Replies (1)

yes. the tax rate for Long term cpital gains arising out of Slump slae  is 20%.

 

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