Dear CCI Members,
One of my clients have sold their factory which was build on a leased land & the the period of lease is not completed. Will this be treated as a case of Slump sale (Sec-50B)? Please discuss its tax implications.
Regards,
SKG
Souvik Kumar Ghosh (CA Final) (1368 Points)
30 June 2011Dear CCI Members,
One of my clients have sold their factory which was build on a leased land & the the period of lease is not completed. Will this be treated as a case of Slump sale (Sec-50B)? Please discuss its tax implications.
Regards,
SKG
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 03 July 2011
Will you plz tell how the property on leased land has been sold by him although he has no right over the land to sell the same ?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
