I am holding shares of a private limited company with an investment value of ₹1 crore. The company is now under liquidation. It has ₹4 crore in the bank account which is accumulated over a period of years out of the profit of the company. I was told by the liquidator that on distribution, they will deduct 10 per cent withholding tax. Can you clarify whether the action of the liquidator is correct and what would be the tax implication in my hand?

Tax Queries By Jayesh Dadia Chartered Accountant 

I am employed with a closely held private limited company. During the current financial year, I resigned and claimed encashment of leave salary of ₹ 3 lakhs. The employer wants to tax this amount since the same is encashment not on retirement but on resignation. What is your view? 

I am an individual and doing F and O activity (derivatives) at Nifty through a registered broker.

I am a non-resident settled in Singapore. I hold investments in equities of Indian listed companies.

Tax Queries by Jayesh Dadia, Chartered Accountant

Tax queries by Jayesh Dadia Chartered Accountant 

I am an individual. The Indian Railways had acquired my land situated in my native village for a total consideration of ₹10 crore as compulsory acquisition. Although the compensation was determined in 2016 I received the same in the current financial year along with interest of ₹2 crore.

I am an individual. I own four residential houses.

Tax queries by Jayesh Dadia Chartered Accountant

In the current financial year I have signed one sale agreement as a power of attorney holder on behalf of the property owner. The sale consideration was received in my name and was credited to my bank account which subsequently I have transferred to the account of the owner.

Tax Queries by Jayesh Dadia Chartered Accountant