Slump Sale (Section 50B of Income Tax Act, 1961) What is a Slump Sale? According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a result […]
Conversion of Sole Proprietorship into Private Limited Company A Sole Proprietorship is a business entity wholly owned and controlled by an individual. It is ideal for those starting small businesses, but as the business grows, transitioning to a more structured […]