TaxTMI 
TaxTMI 
regarding capital contribution to firm
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....egarding capital contribution to firm<br> Query (Issue) Started By: - SARVESH BALDI Dated:- 2-3-2013 Last Reply Date:- 8-3-2013 Income Tax<br>Got 1 Reply<br>Income Tax<br>assessee contributed his hous....
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....e along with land to a firm which was now transferd (not registered) to firm by partenership deed. in furtherance of partenrship deed firm demolished the same for purpose of making commercial complex.....
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....After an year there was dispute in partners & the land (only one roof constructed) was again taken over by the assesse partner. can now the partner be taxed u/s 45(3) of the act where possession was a....
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....gain taken back. kindly guide Reply By CA GOPALJI AGRAWAL: The Reply: As per section 2(47)(vI), your transaction falls under section 45(3), but the facts of the case may allow to plan otherwise und....
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....er the circumstances.<br> Discussion Forum - Knowledge Sharing ....