Transfer of assets of partnership firm among the partners on retirement not subject to Capital Gains Tax
As is renowned in income-tax forums, there is a lot of disagreement regarding the interpretation of section 45(4) of the Income-Tax Act, 1961. As per section... Read More
dissolution of partnership
Process of Dissolution of partnership Firm
3 min read
If any of a partner in a firm wants to relive his shares, he can dissolve his partnership. In such circumstances, if any one member... Read More
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Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act 
Major Changes Expected in Direct Tax Code 2025 and why these matter