A private limited company has share capital of Rs. 1 Lac and General Reserve and Surplus of Rs. 9 Lac. Further it has Depreciable assets of Rs. 5 Lac and Mutual Fund investment of Rs. 5 lacs. If this company opts for voluntary liquidation then:
Does Company needs to pay any tax?
On liquidation, shareholder shall pay 'capital gain tax' or 'Tax on deemed dividend'?
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