Income-tax Act, 1961
Section - 178 - Company in liquidation
Company in liquidation.178. (1) Every person-
(hereinafter referred to as the liquidator) shall, within thirty days after he has become such liquidator, give notice of his appointment as such to the Assessing Officer who is entitled to assess the income of the company.(2) The Assessing Officer shall, after making such inquiries or calling for such information as he may deem fit, notify to the liquidator within three months from the date on which he receives notice of the appointment of the liquidator the amount which, in the opinion of the Assessing Officer, would be sufficient to provide for any tax which is then, or is likely thereafter to become, payable by the company.(3) The liquidator-
| (a) | - | who is the liquidator of any company which is being wound up, whether under the orders of a court or otherwise; or |
| (b) | - | who has been appointed the receiver of any assets of a company, |
| (a) | - | shall .... To read the full section download the app from Google Play store
|
CAclubindia
