Cash Recevied on Liquidation of firm whether taxable or not?
Cash received on Liuidation of Firm is not Taxable because it is recaputer of Capital and Goodwill for which Cost of acquisition can not be ascertined, also refer B C Srinivasan Setty Case.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
