Which section covers liability when a company is in liquidation?
ASection 85
BSection 87
CSection 88
DSection 94
Answer & Solution
Correct answer: C. Section 88
Section 88 is headed Liability in case of company in liquidation.
Keep practising Liability to Pay in Certain Cases
Browse all Liability to Pay in Certain Cases questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
Which section makes a firm and its partners jointly liable for tax?Which section deals with liability of directors of a private company?Which section of the CGST Act lays down the job work procedure?Inputs go direct from supplier to job worker. Credit is:The principal can claim input tax credit on inputs sent to a job worker:For job work, the word input is stated to include:Inputs not back from job work in a year are deemed supplied:Who is responsible for keeping proper accounts of goods sent for job work?