banner_ad

AS-21

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 February 2011 if balance in share premium and capital reserve account is 20000 at the time of acquisition of subsidiary shares and 50000 at the time of consolidation.

so my question is that whether 30000 will be considered as capital profit or revenue profit under AS 21.

please reply as soon as possible
Thanks
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
14 February 2011 Rs. 30000 is to be treated as balance in premium and capital reserve of subsidiary.
Profile Image

C.A. LINESH PATIL

Profile Image

C.A. LINESH PATIL (Querist)
14 February 2011 u means to say that it would be treated as capital profit.because dividend cant be paid out of these two items
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
14 February 2011 RS.30000/- will be treated as capital profit, becouse it is a part of share premium and capital reserve account not a part of revenue profit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details