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


Synopsis
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’.
Agencies
This also comes around the time when the partnership structures were already under the tax department’s scrutiny following a court ruling.
Several real estate and infrastructure companies may end up paying additional tax on their return on investments since April last year after the government plugged a loophole in the Budget.
Many companies would form a partnership firm and buy assets such as land parcels through the partnership vehicle.
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’. ....

Tamil Nadu , Rahul Garg , Girish Vanvari , Madras High Court , New Partner , Partnership Firm , Several Real Estate , தமிழ் நாடு , ராகுல் கார்க் , கிரீஷ் வான்வாரி , மெட்ராஸ் உயர் நீதிமன்றம் , புதியது கூட்டாளர் , கூட்டு நிறுவனம் ,

CLASS ACTION UPDATE for BTBT, JFU and CLOV: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / February 9, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. ....

Levi Korsinsky , Bit Digital , Class Action Lawsuits , பிட் டிஜிட்டல் , வர்க்கம் நடவடிக்கை வழக்குகள் ,