Income Tax : The distinction between slump sale and itemised asset sale determines how capital gains are taxed. A true slump sale applies Secti...
Income Tax : This article explains the requirement to file Form 28 under Section 77(4) for slump sale transactions. The key takeaway is that fi...
Income Tax : A slump sale involves transferring an undertaking for a lump-sum consideration without breaking down individual asset values. It s...
Income Tax : Slump sale is a concept that plays a critical role in restructuring and consolidation of businesses. Under Income-tax Act a slump ...
Income Tax : Discover key insights on Global Anti-Base Erosion Model Rules (GloBE) for M&A strategies. Learn about Income Inclusion and Underta...
Income Tax : Reopening notices under Section 148 were quashed as the petitioner’s depreciation claims on a slump sale of an injectable busine...
Income Tax : Court considered whether admissions made by seller in settlement proceedings could affect purchaser’s depreciation claim. It hel...
Income Tax : High Court ruled that an AO's failure to determine if a unit sale was a slump sale (S.50B) or short-term capital gain (S.50) made ...
Goods and Services Tax : Gujarat AAR ruled that the ₹60 crore transfer of RDB Realty s Surat housing project qualifies as a transfer of a going concern a...
Income Tax : ITAT ruled in Grasim Industries that a court-sanctioned scheme transfer before the 2021 amendment is a transfer by law, not a slum...
Income Tax : CBDT notifies Rule 11UAE Computation of Fair Market Value of Capital Assets for the purposes of section 50B of Income-tax Act, 196...
Slump sale is a concept that plays a critical role in restructuring and consolidation of businesses. Under Income-tax Act a slump sale involves transfer of one or more undertakings as a going concern, where the consideration for transfer is in form of a lump sum, without values being assigned to individual assets and liabilities.
Discover key insights on Global Anti-Base Erosion Model Rules (GloBE) for M&A strategies. Learn about Income Inclusion and Undertaxed Profits Rules, and their impact on corporate restructuring.
Understand Section 50B Slump Sale, where an undertaking is sold without individual asset valuation. Learn about computation, tax rates, and reporting formalities for capital gains under slump sale.
Explore the strategic advantages, tax implications, and legal insights into slump sales, a key method of business transfer. Understand its nuances for successful corporate restructuring.
Learn about tax implications on slump sales under Section 50B of the Income-tax Act. Understand computation, rates, and GST implications. Ensure comprehensive business succession planning.
Learn about the meaning of slump sale, its framework under the Income Tax Act 1961, constituents of a valid slump sale, and tax implications including direct and indirect taxes
Delve into the intricacies of slump sale as per Section 50B of Income Tax Act in India. Learn about its definition, tax implications, and key considerations for buyers and sellers.
Analysis of DCIT vs. Thulasi Mohan Constructions Pvt. Ltd. case, where capital gains in a business slump sale were contested. Learn legal intricacies and conclusions.
CESTAT Ahmedabad held that transfer of technical know-how and patent etc. are in pursuance to the slump sale and not by way providing the service do not fall within the definition of Scientific and Technical Consultancy Service and Intellectual Property Service. Accordingly, demand of service tax not sustainable.
Explore key tax implications of a slump sale under Section 50B, Income Tax Act 1961: Capital gains, net book value determination, and more. Essential guide for businesses.
