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harsh (C.A.)     23 August 2008

taxation on dessolution of firm to effect family partion

land is in the  books of the firm, firm has three partners, A(HUF), B son of A, C son of A, land has to be sold , can family partition save tax , if the firm is dissolved for effecting family partition , is the requirement of registration waved, will there be capital gain in the hands of the firm on dessolution for family partition.



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 1 Replies

RAM DEO KAKRA (ADVOCATE )     24 August 2008

full facts require for ans. taxation querry.capital gain depends on holdig period of assets .


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