slump sale
This query is : Resolved
20 December 2008
what is slump sale?what are the provision in income tax act relating to slump sale?
Is slump sale liable for sales tax?
Is slump sale liable for sales tax?
21 December 2008
Slump sale means transfer of one or more undertaking as a result of sale for a lump sum consideration without assigning any value to individual asets and liabilities transferred. Section is 2(42C). Slump sales attracts capital gains tax u/s 50B. Sales tax (now KVAT) depends on the respective state legislature.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Payment of Stamp Duty and registartion of documents
- Confused regarding applicability of books of accounts and audit
- Taxation under the head Salaries
- TDS DEDUCTED ON PAN OF DECEASED FOR INCOME EARNED POST DEATH
- ITR 3 TO ITR 4
- TDS on property 26QB Difference between Amount paid/credited currently(B) and Stamp Duty Value
- ENUM VALUE
- RECEIPT OF TRAINING FEES FROM FOREIGN STUDENT
- Disclosure in DPT-3
- Ltcg-20.06.2025
- Worng payment of TCS on sale of goods how to get refund the same
- REGARDING AMENDMENT TO BE MADE IN TURNOVER AND PURCHASE FIGURES WRONGLY MADE IN MONTHLY VAT RETURN
- GST Returns not filled under composition scheme
- Loan to Foreign Holding Company by its Indian Subsidary
- Format of Balance Sheet and Profit & loss Account of proprietorship business
- Reversal of Custom duty as per para 6.08 FTP 2023 for DTA sales done by EOU unit
- GST Reverse charge Accounting
- NOTICE DRC01 FOR F.Y. 2018/2019 BY ENFORCEMENT DEPARTMENT DRC01 FOR PENALTY(122)(1)(iii)
- Rodtep Script generate
- Last 3 years GSTR 4 not filed compulsary
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
