Tax Implications on Slump Sale

Affluence Advisory , Last updated: 11 May 2024  
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I. INTRODUCTION Section 2(42C) of the Income-tax Act, 1961 (IT Act) defines the term slump saleas the transfer of one or more undertakings, by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities in such a transfer (however, value can b

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Affluence Advisory
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Category Income Tax   Report

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