Tax recovery from shareholder of company in liquidation

Section 139 of the Income Tax Ordinance, 2001 tells about the tax recovery from shareholders of a company in liquidation. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Section 139 of Income Tax Ordinance, 2001: … Continue reading Tax recovery from shareholder of company in liquidation