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slump sale

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(Querist)
29 July 2010 how to calculate capital gain in case of slup Sale ?
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srinath

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srinath (Expert)
29 July 2010 net consideration recd less net worth shall be capital gain. no indexation benefit shall apply

net worth would be depreciable assets at WDV + other assets at book value less liabilities taken over
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
29 July 2010 AGREE WITH SRINATH JI
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