{"id":51356,"date":"2025-02-24T12:14:41","date_gmt":"2025-02-24T06:44:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=51356"},"modified":"2025-02-27T16:31:24","modified_gmt":"2025-02-27T11:01:24","slug":"tax-implications-on-a-retiring-partner-and-partnership-firm-which-has-immovable-property-without-having-done-revaluation-or-fair-market-valuation","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/tax-implications-on-a-retiring-partner-and-partnership-firm-which-has-immovable-property-without-having-done-revaluation-or-fair-market-valuation\/","title":{"rendered":"tax implications on a retiring partner and partnership firm which has immovable property without having done revaluation or fair market valuation"},"content":{"rendered":"<p>what are the tax implications on a retiring partner and the partnership firm when a partner retires from a firm having fixed assets (without revaluation of the fixed assets i.e. land or immovable property or without fair market value of the fixed assets)?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[380],"class_list":["post-51356","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-partnership-firm"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/51356","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=51356"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51356"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=51356"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=51356"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=51356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}