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of <h1>New Rules on Capital Gains: Asset Distributions in Company Liquidations Under Clause 68 of Income Tax Bill, 2025</h1> Capital gains arising from the distribution of assets by companies in liquidation are addressed under Clause 68 of the Income Tax Bill, 2025. It specifies that such distributions are not considered transfers by the company. However, shareholders receiving money or assets during liquidation are subject to income tax under 'Capital gains.' The taxable amount is the money or market value of assets received, minus any amount assessed as a dividend. This adjusted amount is considered the full value of consideration for tax purposes under section 72.
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