Slump sale reporting requires an accountant's report in prescribed form before the specified date. In a slump sale under section 77(4), every assessee is required to furnish a report from an accountant as defined in section 515(3)(b). The report must be ... Summary
Slump sale reporting requires an accountant's report in prescribed form before the specified date.
In a slump sale under section 77(4), every assessee is required to furnish a report from an accountant as defined in section 515(3)(b). The report must be submitted in Form No. 28 before the specified date referred to in section 63, prescribing the procedural form and timing for compliance in such transactions.
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