https://www.taxtmi.com/manuals?id=1874 Transfer of a capital asset or intangible asset by a partnership firm to a company on succession of the firm's business is not regarded as a transfer where the prescribed conditions are satisfied. Those conditions require transfer of all business assets and liabilities to the company, conversion of all partners into shareholders in the same proportion, no consideration other than shares, and continuation of at least 50% voting power for five years. The transferee's cost is the previous owner's cost of acquisition. en-us Mon, 16 Sep 2019 09:28:00 +0530 Tue, 16 Jun 2026 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1874 Transfer of a capital asset or intangible asset by a partnership firm to a company on succession of the firm's business is not regarded as a transfer where the prescribed conditions are satisfied. Those conditions require transfer of all business assets and liabilities to the company, conversion of all partners into shareholders in the same proportion, no consideration other than shares, and continuation of at least 50% voting power for five years. The transferee's cost is the previous owner's cost of acquisition. Manuals Income Tax Mon, 16 Sep 2019 09:28:00 +0530 https://www.taxtmi.com/manuals?id=1874