Pgbp
This query is : Resolved
22 December 2013
what is the tax effect in the hands of the transferor if he transfered stock in trade which is other than immovable
property for inadequate consideration?
22 December 2013
purpose of transfer and other issues like amount,nature of asset etc not mentioned.
CA Jitesh Shah
(Expert)
23 December 2013
No tax effects. U can sell your movable stock-in-trade even at free of cost. No one will ask you anything.
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