Question ID :
44726
Transfer of business & conversion of proprietorship to partnership
Dear all,
What will be the Capital Gain implications in case entire proprietorship business had been transferred to daughter after death of her father ?? Second question is that what will be the Capital Gain implications in case such daughter along with two other sisters constitutes partnership by way of discontinuance of proprietorship wef 01/01/2024 ??
Posted by
SUDIP KUMAR MUKHOPADHYAY
on
Sep 05, 2024
Filed Under
DIRECT TAXES
If the daughter gets the business as a legal heir no capital gains tax. No CG on formation of partnership also
Posted by
SIVADAS CHETTOOR on
Jan 03, 2025