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of <h1>Tax Implications Clarified: Company Liquidation Distributions Treated as Capital Gains Under Section 45 Taxation Rules</h1> The statutory provision addresses capital gains during company liquidation. When a company distributes assets to shareholders during liquidation, such distribution is not considered a transfer under section 45. Shareholders receiving money or assets are subject to capital gains tax, calculated based on the market value of assets on the distribution date, reduced by any previously assessed dividend amount. The remaining value is treated as the full consideration for tax purposes.
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