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50c slump sale

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(Querist)
19 June 2013 What is the value of depreciable asset to be considered in the hands of purchaser at the time of slump sale.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
19 June 2013 In case of slump sale entire unit is sold at a lumps up price. The purchaser has to record the assets in proportion to their fair market value.
.
(FMV of the Asset/ Total FMV of the unit) x Slump Sale consideration paid
.
FMV can be obtained from Valuation Experts.
.
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