As our company went into losses, we had large bank debts which had to be settled. The factory land and building was sold and the payment made directly to the bank to settle the debts. In fact even after selling the same, a small amount of debt remained outstanding. In this case when no sale proceeds has been received by me and when the company is also loss making is capital gains tax payable? What about properties sold under Bank DRT through SARFESI act?
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