Sec 2(22)(a)

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SWATI KAUSHIK (Querist)
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06 August 2014 what is the interpretation of "dividend include any distribution of asset by the company to its shareholder by a company to its shareholders to the extent the company possesses profit, whether capitalised or not"

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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06 August 2014 it refers to distribution of accumulated reserves whether capital or revenue.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 August 2014 If a going concern company having accumulated profits distributes all/any part of its assets to the shareholders, then the value of such distributed assets to the extend of the accumulated profits will be treated as dividend in the hands of the respective shareholders u/s. 2(22)(a) of the Income tax Act,1961.

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Sec 2(22)(a)

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