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.
Karia Overseas
Ahmedabad
CA
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SMJ global advisors pvt ltd
New Delhi
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
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SSGS and Associates
Chennai
CA Inter
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CAclubindia
