one deemed divident sec. says if company reduce its capital and give money to share holder then upto accoumated profit it is deemed divident..
then suppose company reduce its 10 rs share to 5 rs. and it refund 5rs per share
then suppose company reduce its 10 rs share to 5 rs. and it refund 5rs per share
if u prprtnat its accumalated profit then it is 4 rs per share...
then 4 rs. is deemed divident and what is 1 rs.
where both r taxable
?
then 4 rs. is deemed divident and what is 1 rs.
where both r taxable
?
CAclubindia
