Just a moment...
We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
Help Us Improve - by giving the rating with each AI Result:
Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>Preferential payments in winding up preserve priority for recent taxes, employee wages, statutory contributions and compensation.</h1> Preferential payments in winding up rank specified claims ahead of other unsecured creditors and, where applicable, ahead of floating charge debenture holders. Priority covers recent government revenues and rates, employee wages up to a limited recent period, accrued holiday pay, employer statutory contributions and workmen's compensation liabilities, sums from company employee welfare funds, and certain investigatory expenses. These claims rank equally and abate proportionately if assets are insufficient, are to be paid promptly subject to winding up costs, and carry defined charges over distrained goods and floating charge property.