Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Transfer by Firm to the Partner<br />
Section 45(4)<br />
Transfer by firm to the partner<br />
by way <strong>of</strong> distribution <strong>of</strong> capital asset on<br />
dissolution <strong>of</strong> firm or otherwise<br />
shall be chargeable to tax in the hands <strong>of</strong> the<br />
firm.<br />
Fair Market Value <strong>of</strong> the asset to be deemed to<br />
be the full value <strong>of</strong> consideration.