Profit of Pvt Ltd Company
This query is : Resolved
05 August 2010
Is profit of Private Limited Co. be divided among the directors or any other entry has to be passed.
05 August 2010
Profit of a private limited company cannot be divided amongst the shareholders without paying Dividend Distribution Tax. If you want to share the profits with the directors deduct TDS under provisions of TDS salary
05 August 2010
Profit of Pvt ltd co can't be divided , it will be tranfer to Reserves & surplus a/c .
05 August 2010
In fact the profits of the private limited company are accumulated in P&L A/c head under groupd Reserves and Surplus or are transferred to General/other Reserves under the same group as may be decided by the General Meeting. In case dividend is declared, then the same may be dsitributed from current year's profits or retained surplus of past year's profits after payment of applicable DDT.
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
- About TDS & Income Tax
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Building tax payment deduction in rental Income
- Not able to file ITR
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
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
