https://www.taxtmi.com/article/detailed?id=1473 Slump sale transfers treat an undertaking sold for a lump sum without assigning individual asset values; the net worth of the undertaking or division is deemed to be the cost of acquisition and cost of improvement for capital gains computation, with an accountant's report in the prescribed form certifying the net worth. Values adopted solely for stamp duty or registration are not treated as assignment of individual asset values. The slump sale computation (sale proceeds less net worth) differs from the separate depreciable asset computation regime. en-us Wed, 19 Oct 2011 09:14:13 +0530 Mon, 24 Oct 2011 17:37:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1473 Slump sale transfers treat an undertaking sold for a lump sum without assigning individual asset values; the net worth of the undertaking or division is deemed to be the cost of acquisition and cost of improvement for capital gains computation, with an accountant's report in the prescribed form certifying the net worth. Values adopted solely for stamp duty or registration are not treated as assignment of individual asset values. The slump sale computation (sale proceeds less net worth) differs from the separate depreciable asset computation regime. Articles Income Tax Wed, 19 Oct 2011 09:14:13 +0530 https://www.taxtmi.com/article/detailed?id=1473