Webb22 maj 2024 · Further, In Avaya Global Connect Ltd. v ACIT (26 SOT 397) the tribunal held that Section 2(42C) defines slump sale that it is only a transfer as a result of sale that can be construed as slump sale. Consequently, when the transfer could not be said to be as a result of sale therefore the provision of section 2(42C) would not apply. Webb31 juli 2024 · A slump sale, also known as a business transfer, is the transfer of a business undertaking as a whole, on a ‘going concern’ basis, wherein the buyer acquires the …
Procedure for Sale of LLP business and avoid legal complications
Webbslump sale) determined under sub-rule (2) or FMV2 (i.e. FMV of the consideration received or accruing as a result of transfer by way of slump sale) determined under sub-rule (3), whichever is higher. • The computation mechanism of FMV1 and FMV2 has been prescribed as under: 1 Notification No. 68 /2024/ F. No. 370142/16/2024-TPL G. S. R. … Webb17 sep. 2024 · 25. Section 2 (42C) of the Act defines the expression ‘slump sale’ to mean the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being ... fix photo resolution free
Business transfer via slump sale : the tax battleground
WebbWhite & Case has advised Adelis on its sale of Nordentic, the largest dental laboratories group in the Nordics. Gillat av Simon Strömbäck. So proud to have been a part of this. … Webb5 aug. 2024 · The procedure for conversion of sole proprietorship to LLP and what documents are required for such conversion is explained below: > STEP 1 – INCORPORATION OF NEW LLP (Filing of Form FiLLiP) The 1 st Step is to incorporate a new LLP by filing e-form FiLLiP for reserving the name and incorporating the LLP. Webb5 jan. 2024 · Key transactional issues. Entities in India are commonly set up as public or private limited companies or limited liability partnerships (LLP). Other types of entities such as one-person companies ... fix photo resolution online