Ashok Jain (Director) (49 Points)
31 December 2014
Z
( )
(2965 Points)
Replied 31 December 2014
This is just an account , what is distributed are the assets
See S. 2(22)of the income tax Act for more detail
Arif Ali
(Apt Co Advisory)
(1230 Points)
Replied 01 January 2015
Tax wll be arised on the distribution of assets. See sec 2(22) -(Deemd Dividend) of Income tax act.
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