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Distribution of assets in the event of Liquidation [Sec. 2(22)(c)]

Income Tax - Income from Other Sources - 15 - SEC - 2(22)(c): DISTRIBUTION OF ASSETS IN THE EVENT OF LIQUIDATION Dividend includes any distribution made to the shareholders of a company on its liquidation, to the extent to which such distribution is .....

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dividend to the extent of accumulated profits, whether capitalized or not, immediately before liquidation. Section 46(1): Notwithstanding anything contained in section 45, where the assets of a company are distributed to its shareholders on its liqu .....

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head capital gains and the sales consideration for the purposes of section 48 shall be as under: Moneys Received Add: Market value of the assets received as on the date of distribution Less: Amount assessed as dividend under section 2(22)(c) Sales c .....

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