Slump sale
This query is : Resolved
05 December 2014
dear sir, what is the meaning of slump sale & why indexation benefit is not available?
06 December 2014
Section 2(42C) of the Income Tax Act defines slump sale as "slump sale" means the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.
In a slump sale the whole undertaking including ALL assets & liabilities are transferred. Further values are NOT assigned to individual assets.
A lump sum consideration is charged for the whole undertaking.
In a slump sale the whole undertaking including ALL assets & liabilities are transferred. Further values are NOT assigned to individual assets.
A lump sum consideration is charged for the whole undertaking.
Message likes :
1 times
07 December 2014
thnx..................
08 December 2014
You are welcome.
If you feel that I have satisfactorily answered your query then please nominate me for Most Effective Expert.
If you feel that I have satisfactorily answered your query then please nominate me for Most Effective Expert.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- Gstr 9 2023-24
- GST Form ADT-02
- Reporting of savings account interest income
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
