CHARTERED ACCOUNTANT
719 Points
Joined March 2009
Slump sale means transferof one or more undertakings as a result of the sale for a lumpsum consideration without values being assigned to individual assets and liabilities in such sale.
If the undertaking is owned and held by the assessee for more than 36 months,it is a long term capital asset otherwise it is a short term capital asset.
Cost of acquisition and cost of improvement will be net worth of the undertaking.
Indexation benefit is not available
Report of a C.A. indicating co putation of net worth of the undertaking is required to be attached along with the return of income