https://www.taxtmi.com/manuals?id=951 Capital gain on liquidation: the company incurs no capital gain when assets are distributed without sale, but is taxable if the liquidator sells assets and distributes proceeds. Shareholders' capital gain equals money received and/or market value of distributed assets on distribution date minus any deemed dividend, from which cost of acquisition/indexed cost and sale-related expenditure are deducted; period of holding excludes time after liquidation and losses may arise if receipts are below cost. Non-resident shareholders are governed by the same distributive treatment subject to domestic source rules. en-us Tue, 25 Aug 2015 15:03:00 +0530 Thu, 21 Mar 2024 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=951 Capital gain on liquidation: the company incurs no capital gain when assets are distributed without sale, but is taxable if the liquidator sells assets and distributes proceeds. Shareholders' capital gain equals money received and/or market value of distributed assets on distribution date minus any deemed dividend, from which cost of acquisition/indexed cost and sale-related expenditure are deducted; period of holding excludes time after liquidation and losses may arise if receipts are below cost. Non-resident shareholders are governed by the same distributive treatment subject to domestic source rules. Manuals Income Tax Tue, 25 Aug 2015 15:03:00 +0530 https://www.taxtmi.com/manuals?id=951