TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding Slump Sale: Clause (42C) of Section 2, Income-tax Act 1961, Explains Transfer Without Specific Asset Values.</h1> A slump sale, as defined in clause (42C) of section 2 of the Income-tax Act 1961, involves the transfer of one or more undertakings for a lump sum consideration without assigning specific values to individual assets and liabilities. The term 'undertaking' is defined as per Explanation 1 to clause (19AA). The determination of asset or liability values solely for stamp duty or similar fees does not constitute assigning individual values. The term 'transfer' is defined according to clause (47).
TaxTMI 
TaxTMI 
