TAX IMPLICATIONS IN CASE OF BUSINESS ASSET TRANSFERRED FROM COMPANY TO DIRECTOR

Sunder Poojary (1 Points)

30 December 2019  

There is a Private limited company which needs to winded up and the directors want to transfer the property of the company in their name.

So please suggest me what are the procedures to be followed in such case.

On whom will the tax liability arise- Company OR the Directors ?