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Slump Sale - Sec. 50B

Income Tax - Capital Gains - 23 - SLUMP SALE Slump Sale means the transfer of one or more undertakings as a result of the sale for a lumpsum consideration without values being assigned to the individual assets and liabilities in such sale. Normally t .....

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SLUMP SALE Capital gains shall be taxable in the previous year in which the slump sale is effected. Nature of capital gains will depend on the period of holding of the undertaking transferred by way of slump sale. If the undertaking is held for more .....

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ement of the undertaking shall be the net worth of the undertaking. The benefit of indexation shall not be available. Capital Gains = Slump sale consideration minus Net worth of the undertaking or division Net worth = Aggregate value of total assets .....

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