Sir, thanks for this informative video. Just one query what happens when no capital asset neither stock/money is transferred to retiring partner thank u
What will be the taxability if only money is given to the partner on the sale of his share to another person and no capital asset is involved. For eg. Share of A was 50,000 but he sold his share to C for 2,50,000. Then will this section pertains and how will the calculation be done
Sir, Really thanks for this insightful info, Sir, It would be so nice of you if you could give a practical example, to explain the taxability of sec 45(4) & 9B. Thanks and Regards.
This amendment is not through circular. This amendment is through Finance Act, 2021. Link of finance act is www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx
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very helpful and nicely summarize such complicated section :) , Thank you so much sir
Your appreciation is very valuable to us. Thanks for this.
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Sir,
thanks for this informative video.
Just one query what happens when no capital asset neither stock/money is transferred to retiring partner
thank u
Taxation depends on what is capital balance of the retiring partner.
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Can we get the exemption against the capital gain by 9b (like to purchasing the Capital gain bonds of Government)
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What will be the taxability if only money is given to the partner on the sale of his share to another person and no capital asset is involved.
For eg. Share of A was 50,000 but he sold his share to C for 2,50,000. Then will this section pertains and how will the calculation be done
For more information on this write to us at cakushalsoni@gmail.com
Thankyou for this video, short and simple 🙏🏻 preparing for CA Final
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Explained superbly in a very simple and understandable manner✌🏻✌🏻
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Thank you..
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Sir,
Really thanks for this insightful info,
Sir, It would be so nice of you if you could give a practical example, to explain the taxability of sec 45(4) & 9B.
Thanks and Regards.
Thanks for suggestion,
We will make a separate video covering only examples.
बहुत अच्छा समझाया।
Thanks a lot for appreciation.
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Really superb explanation
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How to show deemed capital gain or business profit in ITR which arises due to these sections
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Sir , what treatment partner has to do for his receipt from firm
Partner has to do nothing as this receipt is deemed capital gain of firm, taxable in the hands of firm not in the hands of partner.
Thanks a lot Sir.
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Can you share this amendment circular ??
This amendment is not through circular. This amendment is through Finance Act, 2021.
Link of finance act is www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx
THANK YOU GREAT
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GOOD INFORMATION.IT IS RATHER TYPICAL ONE..IN CASE OF CONFUSION I DO CONTACT YOU SIR.
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I think in the last slide the section is wrongly mentioned as 45(iii) instead of 48(iii)
Is it? I will check and get it rectified.
Thanks for the information