Tax on partnership firms: Budget change to put real estate, infrastructure consultancy firms in a fix

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Tax on partnership firms: Budget change to put real estate, infrastructure consultancy firms in a fix

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, ET BureauLast Updated: Feb 10, 2021, 09:11 AM IST

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After these assets appreciated, they would bring in a new partner and old partners would exit or retire from the partnership after taking back their ‘appreciated capital’.

This also comes around the time when the partnership structures were already under the tax department’s scrutiny following a court ruling.

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