Section 45(4) of Income Tax Act: Asset Revaluation and Capital Credit to Partners Not Subject to Capital Gains Tax.

Section 45(4) of Income Tax Act: Asset Revaluation and Capital Credit to Partners Not Subject to Capital Gains Tax. https://www.taxtmi.com/highlights?id=58640 Addition u/s 45(4) on account of revaluation of assets - distribution of the revaluation amount to the partners capital accounts during the continuation of the firm - the revaluation of the assets of the firm and crediting of the capital accounts of the partners could not have been brought within the meaning of Sec. 45(4) of the Act. - AT en-us Mon, 05 Jul 2021 15:33:54 +0530 Mon, 05 Jul 2021 15:33:54 +0530 TaxTMI RSS Generator Section 45(4) of Income Tax Act: Asset Revaluation and Capital Credit to Partners Not Subject to Capital Gains Tax. https://www.taxtmi.com/highlights?id=58640 Addition u/s 45(4) on account of revaluation of assets - distribution of the revaluation amount to the partners capital accounts during the continuation of the firm - the revaluation of the assets of the firm and crediting of the capital accounts of the partners could not have been brought within the meaning of Sec. 45(4) of the Act. - AT Highlights Income Tax Mon, 05 Jul 2021 15:33:54 +0530 https://www.taxtmi.com/highlights?id=58640