Dividend treatment
This query is : Resolved
08 January 2013
Can any one help me to know, what will be the tax treatment for profit and reserve & surplus in case of winding up of company. Will it be termed as dividend or something else.
09 January 2013
The accumulated profits of the company as on the date of liquidation will partake the nature of dividend as per sec. 2(22)(c)and such dividend is liable for dividend distribution tax u/s 115O.
Any amount distributed to the share holders in excess of the capital and the accumulated profits as on the date of liquidation will partake the nature of capital gains as per Sec.46 read with sec 48 of the IT Act.
Any amount distributed to the share holders in excess of the capital and the accumulated profits as on the date of liquidation will partake the nature of capital gains as per Sec.46 read with sec 48 of the IT Act.
09 January 2013
thnx for the help sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- EXPORT COMMERCIAL INVOICE HSN CODE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Cash balance limit and property purchases limit
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
