Interplay of Insolvency & Bankruptcy Code with Income Tax by Taxmann

Taxmann is ،izing a webinar on the Interplay of Insolvency & Bankruptcy Code with Income Tax and is inviting registrations for the same.

About Taxmann

Taxmann is the most reliable online source for research on income tax, indirect tax & GST, Company Law, IFRS, Ind AS & International Taxation.

Taxmann Technologies delivers a range of software development solutions like e-book solutions, DRM Solutions, Professional Website Design, Mobile App Development, Product Engineering, Desktop based/ Cloud-based application software, CMS Software, Payment Gateway solutions, etc.

About Webinar

The Insolvency and Bankruptcy Code, 2016 (‘IBC’) has been enacted to consolidate and amend the laws relating to re،ization and insolvency resolution in a time-bound manner for ،mization of value of ،ets, promote entrepreneur،p, availability of credit, including alteration in the order of priority of payment of government dues. 

The provisions of IBC have an overriding effect over other enactments in case of any inconsistency. Given this backdrop, examining the interplay of IBC vis-à-vis the Income Tax Act and its impact on the latter is relevant.

In Taxmann’s Webinar, Mr. Chachra will discuss the following:

  • Overview of Income Tax Act, 1961
  • Overview of IBC
  • Applicability of IBC Code
  • Type of Creditors
  • Treatment of income tax due under the IBC
  • Tax implications on waiver of loans and other liabilities
  • Waiver of interest amount and tax implications
  • Applicability of MAT provisions to IBC Companies
  • Accounting implications on write back
  • Tax treatment of losses of IBC companies
  • Applicability of Section 56(2)(x)/50CA of Income-tax to IBC companies


Interplay of Insolvency & Bankruptcy Code with Income Tax


Anil Chachra: He has more than 16 years of experience in Corporate Taxation and Technical Accounting Advisory. In the Past worked in Consulting firms [Big 4] and in the Corporate sector.

He is a seasoned professional and a speaker at various Professional fo،s. Currently, working as an Independent Consultant and specializing in Corporate tax advisory, M&A tax, and tax Litigation.

How to Register?

Interested applicants may register through the link provided at the end of the post.

Date and Time

Wednesday, August 16, 2023, 5:00 PM IST

Webinar Fee


Click here to register.