Issues with Amendments in Finance Act, 2021 regarding Slump Sale Transactions

Section 2(42C) of the Income Tax Act 1961(Act), defines Slump Sale as “transfer of one or more undertaking, by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.”Section 2(42C) of the Income Tax Act 1961(Act), defines Slump Sale as “transfer of one or more undertaking, by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.”taxmann.com Latest ArticlesRead More

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