https://www.taxtmi.com/article/detailed?id=17688 Receipt of a capital asset or stock-in-trade by a specified person from a specified entity in connection with its dissolution or reconstitution gives rise to a deemed transfer by the entity. The transfer is deemed to occur in the tax year or previous year in which the person receives the asset, even if an actual transfer occurred earlier. Profits and gains are treated as the entity's income for that year and charged as business income or capital gains. The asset's fair market value on receipt is deemed to be the full value of consideration. en-us Tue, 03 Nov 2026 09:24:56 +0530 Tue, 03 Nov 2026 09:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17688 Receipt of a capital asset or stock-in-trade by a specified person from a specified entity in connection with its dissolution or reconstitution gives rise to a deemed transfer by the entity. The transfer is deemed to occur in the tax year or previous year in which the person receives the asset, even if an actual transfer occurred earlier. Profits and gains are treated as the entity's income for that year and charged as business income or capital gains. The asset's fair market value on receipt is deemed to be the full value of consideration. Articles Income Tax Tue, 03 Nov 2026 09:24:56 +0530 https://www.taxtmi.com/article/detailed?id=17688