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Share premium account
For dissoultion of pvt ltd how share premium account and reserve and surplus account distributed and what will the tax liability of co as shareholder.
Replies (2)
This is just an account , what is distributed are the assets
See S. 2(22)of the income tax Act for more detail
Tax wll be arised on the distribution of assets. See sec 2(22) -(Deemd Dividend) of Income tax act.
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