WebbA slump sale has been defined under the Income Tax Act, 1961 as: “the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values … Webb30 maj 2012 · Slump sale means the transfer of one or more undertakings as a result of the sale for lump sum consideration without values being assigned to the individual …

A Comprehensive Guide on a Slump Sale - FinGurus

WebbSection 2(42C) defines slump sale to mean a transfer of one or more undertakings for a lumpsum consideration without values being assigned to the individual assets and … Webbtransfer of undertaking under a slump sale is chargeable to tax as capital gains. For this purpose, the ”net worth” of the undertaking is considered as the cost of acquisition of the undertaking transferred. The “net worth” is the aggregate value of total assets of the undertaking as reduced by the value of liabilities of such handwriting without tears letter e

Transfer of IPR as part of slump sale different from an …

WebbAs per section 2 (42C) of the Income-tax Act 1961, ‘slump sale’ means the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values … WebbImportant decisions from the GST Council meeting held on 4th May 18 are as under: Proposals Approved by Council 1. The Return forms GSTR 2 and GSTR 3 shall… Webb20 aug. 2024 · b) As the definition of “slump sale” is an exclusive definition (using the word “means” instead of “includes”), it will be considered as a “slump sale” only when both assets and liabilities of undertaking are transferred for a lump sum consideration. c) In case of the assessee, huge liabilities existed at the time of sale. business goal template excel