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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2010
kindly guide me as regards the role of accumulated profits n share of A in y ltd. in the following transaction
A holds 10%shares of a closely held company x ltd.n x ltd. advances loan to y ltd. for the benefit of A
kindly state the detailed implication of section 2(22)(e) for the same
Further also state the meaning of accumulated profits
A holds 10%shares of a closely held company x ltd.n x ltd. advances loan to y ltd. for the benefit of A
kindly state the detailed implication of section 2(22)(e) for the same
Further also state the meaning of accumulated profits
05 May 2010
CHECK THE FOLLOWING ARTICLE----
https://www.caclubindia.com/articles/print_this_page.asp?article_id=1208
https://www.caclubindia.com/articles/print_this_page.asp?article_id=1208
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