Profit distribution
This query is : Resolved
RUPESH R.H.
(Querist)
23 June 2014
Dear Sir,
I am working with PVT LTD Company and company has 3 year reserve and surplus by way of Profit. However I want to know if there are 4 directors and company has to decide distribute the profit (reserve and surplus) among the director then what is the procedure of distributing the profit. If I distribute the profit by way of Dividend then how to treat the double taxation issue. Please let me know the answer as soon as possible
Thanks and Regards!!!!!!!!
RUPESH
I am working with PVT LTD Company and company has 3 year reserve and surplus by way of Profit. However I want to know if there are 4 directors and company has to decide distribute the profit (reserve and surplus) among the director then what is the procedure of distributing the profit. If I distribute the profit by way of Dividend then how to treat the double taxation issue. Please let me know the answer as soon as possible
Thanks and Regards!!!!!!!!
RUPESH
Nikhil Kaushik
(Expert)
23 June 2014
where is the double taxation issue?
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