{"id":34560,"date":"2023-05-14T06:14:13","date_gmt":"2023-05-14T00:44:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=34560"},"modified":"2023-05-14T06:14:13","modified_gmt":"2023-05-14T00:44:13","slug":"withdrawal-of-a-flat-by-partner","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/withdrawal-of-a-flat-by-partner\/","title":{"rendered":"withdrawal of a flat by partner"},"content":{"rendered":"<p>On 8-11-2016 at 7 p m\u00a0 , a partner withdrew a flat out of stock in trade\u00a0 of that firm at cost [mkt value was 10 times]<\/p>\n<p>The same was regd later in his name with a proper stamp duty on mkt value[10 times cost]<\/p>\n<p>is it liable to any tax under the Income Tax Act?<\/p>\n<p>Is it covered by PMLA ?<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[927,926],"class_list":["post-34560","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-pmla","qa_tag-withdrawal-by-partner"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/34560","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=34560"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34560"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=34560"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=34560"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=34560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}