https://www.taxtmi.com/circulars?id=10761 Amounts treated as unpaid dividends or undistributed assets payable into a liquidation account may be treated as dividends under the income tax definition if statutory conditions are satisfied. The liquidator, as the company's principal officer for tax purposes, must deduct and remit the required tax from such amounts before paying them into the liquidation account; failure to withhold and pay over tax exposes the liquidator to liability under the tax collection provisions. en-us Fri, 08 Jan 1965 00:00:00 +0530 Thu, 16 Jun 2011 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10761 Amounts treated as unpaid dividends or undistributed assets payable into a liquidation account may be treated as dividends under the income tax definition if statutory conditions are satisfied. The liquidator, as the company's principal officer for tax purposes, must deduct and remit the required tax from such amounts before paying them into the liquidation account; failure to withhold and pay over tax exposes the liquidator to liability under the tax collection provisions. Circulars Companies Law Fri, 08 Jan 1965 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10761