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    Taxation aspect for partnership firm

    Posted By : Ekta / Published on : 05-Feb-2019 11:44 AM / View : 642 / Comment : 5

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    One of my clients closed the partnership firm, and he took over the debtors, stock and cash and paid to another partner in their share as standing in the respective capital account. Please let me know the taxation aspect from income tax act.
    Read more on : firm partnership aspect taxation

    • The shareholder one of my private limited company was died.

      Today i received his ded certificate

      How did i get back his share or transfer his share in roc and which form filled.

      Pls guide 

      06-02-2019 / 03:58:30 PM
      Reply
    • Basic Procedure for Transfer of Share in a Public Company Section 58(2) provides that the shares or debentures and any interest therein of a public company shall be freely transferable. Usually following steps shall be followed by a private company to give effect to the transfer of shares

       

       Get the Share transfer deed in form SH-4 duly executed both by the transferor and the transferee.

       

       The transfer deed should bear stamps according to the Indian Stamp Act and Stamp Duty Notification in force in the State concerned. The present rate of transfer of shares is 25 Paise for every one hundred rupees of the value of shares or part thereof.

      Do not forget to cancel the stamps affixed at the time or before signing of the transfer deed.  The signatures of the transferor and the transferee in the share transfer deed must be witnessed by a person giving his signature, name and address.

       Attach the relevant share certificate or allotment letter with the share transfer deed and deliver the same to the company. The share transfer deed should be deposited with the company within sixty (60) days from the date of such execution by or on behalf of the transferor and by or on behalf of the transferee.

       After receipt of share transfer deed, board shall consider the same. If the documentation for transfer of share is in order, board shall register the transfer by passing a resolution.

       

      find formats :

      http://www.moserbaer.com/wp-content/uploads/2015/07/Procedure-for-transmission-of-shares.pdf

      07-02-2019 / 01:07:10 PM
      Reply
    • Thnk u so much maim!

      07-02-2019 / 02:15:40 PM
      Reply
    • Welcome Rahul ojha, keep posting your queries and please aslo resolve others queries asked on same panel.

       

      08-02-2019 / 04:46:56 AM
      Reply
    • The deceased man share  company will get back or transfer to someone.

      In company Aoa Share transfer is restricted.

      08-02-2019 / 09:59:12 AM
      Reply
    Please Select File:



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