Slump sale under sec 50b
This query is : Resolved
27 June 2014
if one or more assets or liabilities are not transferred,whether sec 50B shall apply in that case, and revaluation in respect of liabilities are permissible under sec 50B
Nikhil Kaushik
(Expert)
27 June 2014
all the assets and liabilities of the unit have to be included to term the transaction as slump sale.
if any revaluation is to be done, preferably do it before the slump sale transaction.
if any revaluation is to be done, preferably do it before the slump sale transaction.
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Rupesh Jain
(Expert)
27 June 2014
in slump sale revaluation is not allowed if you want then it is done before the slump sale and all assets and liability will tfr and also report of CA in form NO. 3CEA will also furnished with income tax return.
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