Podcast on Rejigged Slump Sale code for Business transfer taxability

Podcast on Rejigged Slump Sale code for Business transfer taxability

Podcasts- Nangia Andersen LLP

05/08/2021 2:43PM

Episode Synopsis "Podcast on Rejigged Slump Sale code for Business transfer taxability"

Slump Sale has been one of the widely used ways of business acquisition in India and is quite old. However, the special procedure for the computation of Capital gains was inserted vide FA 1999. The taxability of the slump sale transactions prior to insertion of Section 50B eventually evolved with the help of Courts that had held that slump sale is neither taxable as business income nor as capital gains.In this episode, Vishwas Panjiar and Chirag Nangia discuss the nitigrities of slump sale owing to the recent changes in the tax framework.

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