This document is the draft Form No. 28, introduced by the CBDT, for reporting the computation of net worth of an undertaking or division being transferred via a slump sale. It requires detailed information about the transferor, transferee, and the fair market value of assets and liabilities. This form is crucial for assessees and accountants involved in slump sale transactions to accurately calculate capital gains and net worth as per tax regulations.
CBDT Introduces Draft Form No 28 for Net Worth Computation #pdf