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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.

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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