Former Partners Must Pay Capital Gains Tax on Firm's Net Assets Share u/s 45 of Income Tax Act. https://www.taxtmi.com/highlights?id=31775 Partnership firm - Nature of the Certain considerations received after the dissolution of the firm - The appellants as erstwhile partners are liable to pay capital gain on the amount received by them towards the value of their share in the net assets of the firm are liable for payment of capital gains u/s 45 - SC en-us Thu, 20 Oct 2016 21:43:33 +0530 Thu, 20 Oct 2016 21:43:33 +0530 TaxTMI RSS Generator Former Partners Must Pay Capital Gains Tax on Firm's Net Assets Share u/s 45 of Income Tax Act. https://www.taxtmi.com/highlights?id=31775 Partnership firm - Nature of the Certain considerations received after the dissolution of the firm - The appellants as erstwhile partners are liable to pay capital gain on the amount received by them towards the value of their share in the net assets of the firm are liable for payment of capital gains u/s 45 - SC Highlights Income Tax Thu, 20 Oct 2016 21:43:33 +0530 https://www.taxtmi.com/highlights?id=31775