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Direct & Indirect Tax Updates
Public·4 Updated People
Welcome to the group! We will post regular update about Tax on this group
Income Tax
1) CBDT has notified the rule 11UAE for computation of
Fair Market Value of Capital Assets in case of slump
sale (section 50B) made by the assessee. Two FMV shall be
calculated under this rule and higher of these shall be
considered for taxability.
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