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Waive certain taxes for companies in insolvency proceeding: Assocham


23 November 2017 08:48

Where any outstanding liability, inclusive of any accrued interest is waived in accordance with the approved Resolution Plan, such waiver/write-back should not be subject to tax under both normal and Minimum Alternate Tax (MAT) provisions of the Income-tax Act, 1961, Assocham said in a letter to Central Board of Direct Taxes (CBDT)..
Waive certain taxes for companies in insolvency proceeding: Assocham. This article is published at 23 November 2017 08:48 from MoneyControl India Personal Finances Updates, click on the read full article link below to see further details.


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Tags : Waive, certain, taxes, companies, insolvency, proceeding, Assocham


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