https://www.taxtmi.com/acts?id=51599 Distributions of a company's assets on liquidation are not treated as a transfer by the company; amounts or market value of assets received by a shareholder on liquidation are taxable as capital gains after reducing any amount assessed as a dividend, and that net sum is deemed the full value of consideration for capital gains computation. en-us Wed, 13 Aug 2025 19:01:29 +0530 Mon, 25 Aug 2025 18:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51599 Distributions of a company's assets on liquidation are not treated as a transfer by the company; amounts or market value of assets received by a shareholder on liquidation are taxable as capital gains after reducing any amount assessed as a dividend, and that net sum is deemed the full value of consideration for capital gains computation. Act-Rules Income Tax Wed, 13 Aug 2025 19:01:29 +0530 https://www.taxtmi.com/acts?id=51599