Capital gains
3 years ago
We are having registered partnerships firm dealing in selling layout plots .we we distribute plots amoung partners and close the firm .will we have to pay capital gains
A.Hi,
This depends on the terms mentioned in your AoA and MoA.
If you found this helpful, please rate us.
This depends on the terms mentioned in your AoA and MoA.
If you found this helpful, please rate us.
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
If you have traded shares on the open market, and mentioned in your articles of association that you will distribute capital gains, then you are bound to do so.
If you found this helpful, please rate us.
If you have traded shares on the open market, and mentioned in your articles of association that you will distribute capital gains, then you are bound to do so.
If you found this helpful, please rate us.
Helpful
Helpful
Share
Read Related Answers
Agreement related
Dear sir
You have to deal property matter very carefully otherwise if possession is given there will be no chances of getting back the property.
CREDIT CARD USE FOR BUSINESS EXPENSE
Dear client,
While it's technically possible to use your personal credit card to pay the electricity bill for your manufacturing firm, it's not generally advisable. Using personal funds or credit car...
PIP
Dear Client,
Unless a condition is stipulated in the contract of employment authorizing an employer to waive a notice period or pay in lieu of notice, you cannot waive a notice period of an employee w...
Marry help
Dear Client,
Marriage between a couple having a prohibited degree of relationship is illegal and void both under the Hindu Marriage Act, 1955 and the Special Marriage Act, 1954. There may, however, b...
Partnership deed
Dear Client,
The ability to cancel or amend a partnership deed with the same individuals but under different terms and conditions may depend on the specific clauses outlined in your existing partnersh...
Read Blogs on Partnership
Partnership Lawyers
Find Lawyers by Location
