Doubts on divisible profits
CA Pabbaraju Laxmi Narasimha (Chartered Accountant) (305 Points)
20 October 2011CA Pabbaraju Laxmi Narasimha (Chartered Accountant) (305 Points)
20 October 2011
ACCOUNTANT
(Student)
(559 Points)
Replied 10 February 2012
Capital Profits are those included in capital receipts.............like they are attributed solely to be income of the organisation and use of such funds will be deemed to be APPLICATION OF INCOME..........where as Capital Receipts are just monetary gain.........though cant be treated as income or profits and the entire amount May or may not be eligible for payment of dividend...
The other two rules could be those to be applied simultaneously........
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