redemptin of preference shares at premium
This query is : Resolved
30 June 2008
redemption of preference shares at premium and the company has reserves
Will the same come under the ambit of dividend u/s 2(22)
If yes would it be liable to dividend distribution tax
Will the same come under the ambit of dividend u/s 2(22)
If yes would it be liable to dividend distribution tax
02 July 2008
Dividend tax is ALWAYS APPLICABLE....it is applicable irrespective of whether it is paid out of current year profits reserves////
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