https://www.taxtmi.com/manuals?id=1874 Conversion of a partnership firm into a company is not regarded as a transfer for capital gains tax when the company succeeds to all assets and liabilities of the firm, all partners become shareholders in the same proportion as their capital accounts, partners receive no consideration except allotment of shares, the partners' aggregate shareholding is not less than half the voting power and remains so for a prescribed period, and demutualisation or corporatisation of a recognised stock exchange is effected under a securities-regulator approved scheme. en-us Mon, 16 Sep 2019 09:28:00 +0530 Tue, 26 Mar 2024 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1874 Conversion of a partnership firm into a company is not regarded as a transfer for capital gains tax when the company succeeds to all assets and liabilities of the firm, all partners become shareholders in the same proportion as their capital accounts, partners receive no consideration except allotment of shares, the partners' aggregate shareholding is not less than half the voting power and remains so for a prescribed period, and demutualisation or corporatisation of a recognised stock exchange is effected under a securities-regulator approved scheme. Manuals Income Tax Mon, 16 Sep 2019 09:28:00 +0530 https://www.taxtmi.com/manuals?id=1874