https://www.taxtmi.com/forum/issue?id=114320 Transfer of unquoted equity shares to a partnership firm at below book value can trigger the receipt-of-property deeming provision in the hands of the firm if the property value exceeds the statutory threshold, treating excess as income. For the contributing partner, conflicting deeming fictions may apply to determine the full value of consideration for capital gains-one relying on the value recorded in the firm's books and another on fair market value-creating valuation uncertainty for computing taxable gain. en-us Fri, 16 Nov 2018 17:46:59 +0530 Thu, 23 Jan 2025 15:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114320 Transfer of unquoted equity shares to a partnership firm at below book value can trigger the receipt-of-property deeming provision in the hands of the firm if the property value exceeds the statutory threshold, treating excess as income. For the contributing partner, conflicting deeming fictions may apply to determine the full value of consideration for capital gains-one relying on the value recorded in the firm's books and another on fair market value-creating valuation uncertainty for computing taxable gain. Discussion-Forum Income Tax Fri, 16 Nov 2018 17:46:59 +0530 https://www.taxtmi.com/forum/issue?id=114320