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
- TDS DEDUCTED ON PAN OF DECEASED FOR INCOME EARNED POST DEATH
- Confused regarding applicability of books of accounts and audit
- Taxation under the head Salaries
- RECEIPT OF TRAINING FEES FROM FOREIGN STUDENT
- ENUM VALUE
- ITR 3 TO ITR 4
- TDS on property 26QB Difference between Amount paid/credited currently(B) and Stamp Duty Value
- Payment of Professional Tax to Chennai Corporation
- Procedure to surrender duplicate PAN
- GST Reverse charge Accounting
- Clarification on Reporting Non-Serial Invoices in Table 13 of GSTR-1 (Applicable from May 2025)
- NOTICE DRC01 FOR F.Y. 2018/2019 BY ENFORCEMENT DEPARTMENTDRC01 FOR PENALTY(122)(1)(iii)
- Leave encashments after resigned and join new company
- Rodtep Script generate
- Last 3 years GSTR 4 not filed compulsary
- Issue in IMS (Invoice Management System)
- Credit Note Rejection in IMS and GSTR 3B locking
- How to present in Balance sheet as per scheduled III and under which head
- MCA filings and Compliance Practice
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
