{"id":29065,"date":"2022-08-11T23:13:10","date_gmt":"2022-08-11T17:43:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=29065"},"modified":"2022-08-18T05:45:13","modified_gmt":"2022-08-18T00:15:13","slug":"application-of-section-454","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/application-of-section-454\/","title":{"rendered":"Application of section 45(4)"},"content":{"rendered":"<p>X is a partner in a firm along with other partners. Firm has some assets, properties etc. X has a debit balance in the firm.<br \/>\nHe leaves the firm Without giving or taking anything.<br \/>\nAny tax implications for firm or partner??<br \/>\nThe status of debit balance in the firm ??<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[404,546],"class_list":["post-29065","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-partnership","qa_tag-retirement-of-partner"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/29065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=29065"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29065"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=29065"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=29065"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=29065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}