https://www.taxtmi.com/article/detailed?id=5635 Deemed transfer rules treat contributions of capital assets by partners to a firm, AOP or BOI and distributions back to partners as taxable transfers; the amount recorded in the firm's books on introduction is deemed the full value of consideration, and the fair market value on distribution is deemed the full value of consideration, with the corresponding deemed cost of acquisition fixed for computing subsequent capital gains. en-us Tue, 27 May 2014 19:21:30 +0530 Tue, 27 May 2014 19:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5635 Deemed transfer rules treat contributions of capital assets by partners to a firm, AOP or BOI and distributions back to partners as taxable transfers; the amount recorded in the firm's books on introduction is deemed the full value of consideration, and the fair market value on distribution is deemed the full value of consideration, with the corresponding deemed cost of acquisition fixed for computing subsequent capital gains. Articles Income Tax Tue, 27 May 2014 19:21:30 +0530 https://www.taxtmi.com/article/detailed?id=5635