Company Tax Filings During Liquidation Proceedings
- June 28, 2024
Companies under Liquidation During liquidation, companies must fulfill specific tax obligations before the process can be finalized. Duties of Liquidators When a company undergoes voluntary or compulsory liquidation, a court-appointed or company-designated liquidator assumes responsibility for the company’s affairs. This includes fulfilling specific duties outlined in the Income Tax Act of 1947. Section 59(1) of […]
![Ace Global](https://aceglobalaccountant.com/wp-content/themes/aceglobal/images/right-arrow.png)