https://www.taxtmi.com/acts?id=49005 A capital asset or stock-in-trade received by a specified person from a specified entity on dissolution or reconstitution is deemed transferred by the entity in the year of receipt; profits or gains from that deemed transfer are included in the entity's income and charged under Profits and Gains of Business or Profession or Capital Gains, with fair market value on the date of receipt as the consideration. The Board may issue guidelines, with prior Central Government approval, to remove implementation difficulties, subject to parliamentary scrutiny and a limited issuance window. en-us Fri, 14 Feb 2025 15:59:47 +0530 Fri, 14 Feb 2025 15:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49005 A capital asset or stock-in-trade received by a specified person from a specified entity on dissolution or reconstitution is deemed transferred by the entity in the year of receipt; profits or gains from that deemed transfer are included in the entity's income and charged under Profits and Gains of Business or Profession or Capital Gains, with fair market value on the date of receipt as the consideration. The Board may issue guidelines, with prior Central Government approval, to remove implementation difficulties, subject to parliamentary scrutiny and a limited issuance window. Act-Rules Bills Fri, 14 Feb 2025 15:59:47 +0530 https://www.taxtmi.com/acts?id=49005