Tax implication on sale of a business operations

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 A Pvt Ltd company has two units one - Software Development and one BPO. ONe of its Software customer has offered to buyout the Software Development unit. Only the employees will be taken over alongwith related assets like Computers and Table Chair. A lunmpsum consideration amount is fixed. Will this fall under Capital Gains or as Income from sale of business operations?

Sudeep

Sudeep (Expert)
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12 June 2014 This shall fall under Capital gains and depeding on the facts may or may not be classified as slump sale