Question

Transfer of vehicle by partner to partnership firm as capital contribution

Answer 1

Luxury items, for example, are largely targeted at a client base with the resources and interest in paying a premium in order to receive a product that is understood to be of high quality. The company offering the product, such as a high-end watch or a limited edition car, may aim its marketing to reach the client base in ways they cannot miss. That could include putting on exhibitions to display the product in front of invite-only guests who fit the financial demographics of the desired client base.

Answer 2

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