Slump in Slump Sale? – Dissecting Fair Valuation Rules - Course
- Year of Publication: 2021
- ISBN: 0
Course Duration:
185 minutes comprising of two episodes
Course Background:
As you are aware, Finance Act, 2021 introduced Fair Market Value (FMV) based deemed taxation for transfer of undertaking by way of slump sale. For the purpose of computing capital gains, section 50B of the Income-tax Act was amended to provide that FMV of capital assets as on the date of transfer, calculated in the prescribed manner, shall be deemed to be the ‘full value of consideration’. Subsequently, CBDT notified Rule 11UAE on May 24, 2021 prescribing the mechanism for computing the FMV of such capital assets. This newly introduced rule brought with it its own set of challenges, interpretation issues and ambiguities.
What shall the course cover?
Against this backdrop, Taxsutra is delighted to present to you a two days special webinar on “Slump in Slump Sale? – Dissecting Fair Valuation Rules”. The session is led by the eminent Tax Expert Mr. Yogesh Thar [Partner, Bansi M. Mehta & Co] who has dwelled upon the practical nitty-gritties surrounding the FMV computation mechanism prescribed in the newly notified Rule 11UAE.
In this course, Mr. Thar has illustratively covered the following issues:
- Rule 11UAE – whether retrospective or prospective
- Full value of consideration in case of Deferred consideration
- Computing net worth where purchased goodwill forms part of undertaking
- Calculation mechanism for immovable properties
- Impact of fair valuation of assets acquired under amalgamation and transferred under slump sale
- Impact on depreciation claim, 43B allowances and other claims / deductions, pursuant to a slump sale
- Implications from buyer’s perspective
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
Similar Books
Ratings and Reviews
Overall Rating
- Year of Publication: 2021
- ISBN: 0
Course Duration:
185 minutes comprising of two episodes
Course Background:
As you are aware, Finance Act, 2021 introduced Fair Market Value (FMV) based deemed taxation for transfer of undertaking by way of slump sale. For the purpose of computing capital gains, section 50B of the Income-tax Act was amended to provide that FMV of capital assets as on the date of transfer, calculated in the prescribed manner, shall be deemed to be the ‘full value of consideration’. Subsequently, CBDT notified Rule 11UAE on May 24, 2021 prescribing the mechanism for computing the FMV of such capital assets. This newly introduced rule brought with it its own set of challenges, interpretation issues and ambiguities.
What shall the course cover?
Against this backdrop, Taxsutra is delighted to present to you a two days special webinar on “Slump in Slump Sale? – Dissecting Fair Valuation Rules”. The session is led by the eminent Tax Expert Mr. Yogesh Thar [Partner, Bansi M. Mehta & Co] who has dwelled upon the practical nitty-gritties surrounding the FMV computation mechanism prescribed in the newly notified Rule 11UAE.
In this course, Mr. Thar has illustratively covered the following issues:
- Rule 11UAE – whether retrospective or prospective
- Full value of consideration in case of Deferred consideration
- Computing net worth where purchased goodwill forms part of undertaking
- Calculation mechanism for immovable properties
- Impact of fair valuation of assets acquired under amalgamation and transferred under slump sale
- Impact on depreciation claim, 43B allowances and other claims / deductions, pursuant to a slump sale
- Implications from buyer’s perspective
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
