A pvt ltd co dist. money to shareholder on liquidation

This query is : Resolved 

28 October 2018 Dear Experts

My query is when a private limited company on liquidation distributes money to shareholder what is the capital gain applicability to shareholders and company. Whether sec 46(1) will apply to private company ?

13 November 2018 Hi friends... reply to me... capital gain will come in the hands of shareholder only not in the hands of company - this provision applicable to private company ??



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