Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Transfer by Partner to the Firm<br />
Section 45(3)<br />
Transfer <strong>of</strong> capital assets<br />
by partner to the firm<br />
as capital contribution or otherwise.<br />
Amount recorded in the books <strong>of</strong> accounts<br />
<strong>of</strong> the firm to be treated as full value <strong>of</strong><br />
the consideration.<br />
Capital Gains taxable accordingly.