Slump sale

Indira (CA ) (1381 Points)

05 September 2017

Gain from Slump sale of an undertaking held for more than 3 years or 2 years is considered as long term capital gain for AY 2018-2019?

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4 Replies

Archit Goel (Student) (96 Points)
Replied 05 September 2017

3 year

Indira (CA ) (1381 Points)
Replied 05 September 2017

But for assessment year 2018-2019 will or not be 2 year as per amendment

Archit Goel (Student) (96 Points)
Replied 05 September 2017

2 year amendment is for land and building not for capital asset transferred under slump sale

Indira (CA ) (1381 Points)
Replied 06 September 2017

Thanks for the clarification

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