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Strike off

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(Querist)
11 February 2020 I want to strike off one subsidiary. However this subsidiary have loan from Holding company amt Rs.50 lakhs .
Can you please clarify tax impact
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Asha Kanta Sharmapro badge online

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Asha Kanta Sharmapro badge online (Expert)
26 May 2020 I think there can not be any Tax Impact. Before striking off all liability needs to be cleared and settled.

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