What is the tax implication under Income Tax Act, 1961 while winding up a company, if the unsecured loan from directors is set off with accumulated losses and by transferring fixed assets? Is it allowed as per Companies Act, 2013?
Miss D (student) (114 Points)
06 June 2019What is the tax implication under Income Tax Act, 1961 while winding up a company, if the unsecured loan from directors is set off with accumulated losses and by transferring fixed assets? Is it allowed as per Companies Act, 2013?
NAVEEN GARG
(CA-FINAL)
(104 Points)
Replied 06 June 2019
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
