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No TDS on distribution of assets on liquidation 
If there is "accumulated profits", to that extent the distribution of assets whether capitalised or not, shall be taken as Dividend but not subject to TDS since the Dividend u/s 10(34) of the I T Act is exempt from tax .However , Company has to pay t...
http://q4tax.blogspot.com/2006/11/no-tds-on-distributio
n-of-assets-on.html
added by taxworry, 11 months 27 days ago
n-of-assets-on.html
