Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Admission <strong>of</strong> a partner<br />
• Partner transfers a capital asset to the<br />
firm<br />
• A new partner is admitted who brings<br />
in his capital asset into the firm<br />
• Proprietorship converted into<br />
partnership<br />
• New partner admitted in an existing<br />
firm wherein firm possesses capital<br />
asset