January 21, 2021     by Rahul Verma
When Distributions are to be made during Liquidation, the same can be taxable in the form of Deemed Dividend in the hands of Contributory or as Capital Gains. Deemed Dividend Section 22 (2) (c) states that dividend includes: “Any distribution made to the shareholders....
January 20, 2021     by Rahul Verma
When Distributions are to be made during Liquidation, the same can be taxable in the form of Capital Gains or Deemed Dividend in the hands of Contributory. What are Capital Gains? Section 45 of Income Tax Act, 1961 (“the Act”) provides that any profits or gains....
January 20, 2021     by Rahul Verma
Winding Up The liquidation or winding up of a company is the process whereby its life is ended and its property is administered for the benefit of its creditors and members. An Administrator, called a liquidator, is appointed and he/she takes control of the company,....
September 9, 2020     by Nidhi Kapoor
The objectives of the IBC Code, is ‘reorganisation and insolvency resolution’ which implies ‘revival and not liquidation’. When a company falls into insolvency, the first step is to try and resolve and not liquidate. The Code particularly deals with ‘Corporate....


[recaptcha]

Please Fill All Field