Slump Sale – Indian Government Plugs the Tax Loophole

Journal
India
Asia-Pacific Tax Bulletin 2021 (Volume 27), No. 3
Slump sale is one of the preferred strategies of business restructuring, as it is easy to execute, the tax implications are unambiguous and also it can be structured in a tax-efficient manner by exploring the loopholes in the provisions. Recent amendments by the Finance Act 2021 close these loopholes and this article analyses these implications on business restructuring and M&A deals.