Slump Sale (Section 50B of Income Tax Act, 1961)

added blog Other

2024-12-11 05:52:37 - Translate -

What is a Slump Sale? According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a result of the sale for a lump sum consideration, without individual values being assigned to the assets and liabilities. This method is commonly used in mergers and acquisitions. It’s important to note that not all assets...

0 Comments 0 Shares 166 Views 0 Reviews