Slump sale
This query is : Resolved
05 December 2014
dear sir, what is the meaning of slump sale & why indexation benefit is not available?
06 December 2014
Section 2(42C) of the Income Tax Act defines slump sale as "slump sale" means the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.
In a slump sale the whole undertaking including ALL assets & liabilities are transferred. Further values are NOT assigned to individual assets.
A lump sum consideration is charged for the whole undertaking.
In a slump sale the whole undertaking including ALL assets & liabilities are transferred. Further values are NOT assigned to individual assets.
A lump sum consideration is charged for the whole undertaking.
Message likes :
1 times
07 December 2014
thnx..................
08 December 2014
You are welcome.
If you feel that I have satisfactorily answered your query then please nominate me for Most Effective Expert.
If you feel that I have satisfactorily answered your query then please nominate me for Most Effective Expert.
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
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- ITR 4 and Bank transactions
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
