Slump sale
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2012
What is slump sale?
CA. Vikash Dwivedi
(Expert)
22 September 2012
where assets are sold in a lump. for e.g 10 assets sold at a consolidated price of 11 crore without assigning price to any asset particularly. all the assets are sold collectively at a consolidated price without determining the sale price of EACH asset against its cost there byt the Capital gain is determined on total price of all the assets.
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