Insolvency and Bankruptcy Code (IBC)

Tax Glossary Definition

Insolvency and Bankruptcy Code (IBC)

Insolvency and Bankruptcy Code (IBC) – A comprehensive law in India that governs the resolution and liquidation of insolvent companies and individuals, ensuring timely recovery for creditors. Tax implications, such as capital gains, may arise when assets are transferred or sold during the resolution process. Example: When a company’s assets are sold during liquidation under IBC, capital gains tax may be triggered

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App