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Slump in slump sale? - Dissecting fair valuation rules

Slump in slump sale? - Dissecting fair valuation rules

by Taxsutra
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About Webinar:

 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 transfercalculated 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.

Taxsutra is delighted to present to you a two days special webinar on “Slump in Slump sale? – dissecting fair valuation rules” [Friday/ Saturday, September 17 & 18; 4:30 PM to 5:45 PM ]. The session shall be led by the eminent Tax Expert Mr. Yogesh Thar [Partner, Bansi S. Mehta & Co] who shall dwell upon the practical nitty-gritties surrounding the FMV computation mechanism prescribed in the newly notified Rule 11UAE.  The session will be followed by a brief Q&A round.

Key Highlights:

 

During the two-part webinar session, Mr.  Yogesh Thar will illustratively cover 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 

Webinar Date and Time: Friday/ Saturday, September 17 & 18; 4:30 PM to 5:45 PM

 

Webinar fees:  INR 1200

We look forward to your participation!

Categories: Live Sessions
Publisher: Taxsutra
About Publisher:

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)

Author: Taxsutra

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About Webinar:

 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 transfercalculated 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.

Taxsutra is delighted to present to you a two days special webinar on “Slump in Slump sale? – dissecting fair valuation rules” [Friday/ Saturday, September 17 & 18; 4:30 PM to 5:45 PM ]. The session shall be led by the eminent Tax Expert Mr. Yogesh Thar [Partner, Bansi S. Mehta & Co] who shall dwell upon the practical nitty-gritties surrounding the FMV computation mechanism prescribed in the newly notified Rule 11UAE.  The session will be followed by a brief Q&A round.

Key Highlights:

 

During the two-part webinar session, Mr.  Yogesh Thar will illustratively cover 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 

Webinar Date and Time: Friday/ Saturday, September 17 & 18; 4:30 PM to 5:45 PM

 

Webinar fees:  INR 1200

We look forward to your participation!

Categories: Live Sessions
Publisher: Taxsutra
About Publisher:

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)

Author: Taxsutra

Similar Books

Ratings and Reviews

Overall Rating
Review
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