https://www.taxtmi.com/manuals?id=940 Transfer of a capital asset by a partner or member to a firm, AOP or BOI is taxable in the year of transfer, and the amount recorded in the books of account is deemed to be the full value of consideration. The same rule applies to a member of an AOP or BOI transferring a capital asset to the concern. The notes also refer to the interaction with section 50C, section 50CA and section 56, and state that the genuineness of the transfer determines whether the special capital gains rule applies. en-us Tue, 25 Aug 2015 14:49:00 +0530 Tue, 02 Jun 2026 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=940 Transfer of a capital asset by a partner or member to a firm, AOP or BOI is taxable in the year of transfer, and the amount recorded in the books of account is deemed to be the full value of consideration. The same rule applies to a member of an AOP or BOI transferring a capital asset to the concern. The notes also refer to the interaction with section 50C, section 50CA and section 56, and state that the genuineness of the transfer determines whether the special capital gains rule applies. Manuals Income Tax Tue, 25 Aug 2015 14:49:00 +0530 https://www.taxtmi.com/manuals?id=940