hot to treat lease deposit given to director before closing the company. it's Pvt LTD
only deposit is the asset no other liability whether any tax applicable if company is closed
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CAPITAL GAIN
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Refer the provisions contained under Section 46(2) of the Act.
it only gives full value of consideration, can we take deduction for share capital invested initially and pay tax
Deemed divided u/s 2(22)(c) Distribution on liquidation
Any distribution made to the shareholders of a company on its
liquidation, to the extent to which the distribution is attributable to the accumulated profits of
the company immediately before its liquidation, whether capitalised or not, is deemed to be
dividend income
Refer section 49 to know the Cost of acquisition in your case. if you will go through the sub section of this section , then, you will be able identified Cost of acquisition.
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