Key takeaways from newly notified anti-abuse rules for tax valuation of slump sale

Though seemingly well intentioned, the FMV Rules for slump sale had the potential to create enormous uncertainty for taxpayers if they were based on arm’s length basis or Discounted Cash Flow method. Thankfully, whatever be the controversy over the retrospective nature of the amendment, the content of the FMV Rules do not disappoint.

from Economy-News-Economic Times https://ift.tt/34mZeEW