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What constitutes dissolution of transfer deed
11-Jul-2023 (In Civil Law)
If two partners out of four wants to transfer their 1/4 share each to third partner,is there any dissolution of partnership deed ?
Draft the deed of dissolution and file with the department with a notice for discontinuation of the business.
As you have not transferred the land in the name of the firm it still stands in the name of both the partners. and both are equal partners. Sale deed is to be signed by both the partners and not by the firm.
If you give gift than gift tax will apply as both the partners are not relatives as per income tax act
As you have not transferred the land in the name of the firm it still stands in the name of both the partners. and both are equal partners. Sale deed is to be signed by both the partners and not by the firm.
If you give gift than gift tax will apply as both the partners are not relatives as per income tax act
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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