Retirement of Partner Triggers Capital Gains Tax on Partnership Reconstitution u/s 45(4. https://www.taxtmi.com/highlights?id=12498 Reconstitution of partnership firm - one partner retired and two were continue - provisions of Section 45(4) is applicable as it amounts to transfer - capital gain is applicable- AT en-us Tue, 30 Apr 2013 11:04:06 +0530 Tue, 30 Apr 2013 11:04:06 +0530 TaxTMI RSS Generator Retirement of Partner Triggers Capital Gains Tax on Partnership Reconstitution u/s 45(4. https://www.taxtmi.com/highlights?id=12498 Reconstitution of partnership firm - one partner retired and two were continue - provisions of Section 45(4) is applicable as it amounts to transfer - capital gain is applicable- AT Highlights Income Tax Tue, 30 Apr 2013 11:04:06 +0530 https://www.taxtmi.com/highlights?id=12498