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Slump sale

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Querist : Anonymous (Querist)
22 September 2012 What is slump sale?
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CA. Vikash Dwivedi

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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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