I had, as an individual, invested Rs 1 crore as share capital in ABC (P) Ltd. in 2001. Three years ago, ABC went into liquidation and in the current financial year the company has been wound up by an order of NCLT. On winding up, I received Rs 1.5 crore, being the surplus left after payment of all the liabilities. What I want to know is whether the amount received is now taxable and if yes, under which head should it be calculated and how?
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