Deemed dividend

Direct Taxation

Company distribute assets to share holder is deemed dividend Company go to liquidation on 14/5/21 Accumulated profit on 14/5/21 rs2lac Distribute asset on 10/12/21 of rs5lac What is deemed dividend?

Sushmita Chowdhury

CA Inter

★ 2K+

13-Aug-24 22:38

366

Answers (2)

2 lacs In case of dist of asset on its liquidation Deemed divi is : to the extent of acc profit before liquidation( capitalised or not)

kuldeep saini

CA Final

★ 680

14-Aug-24 13:58

kuldeep saini

2 lacs In case of dist of asset on its liquidation Deemed divi is : to the extent of acc profit before liquidation( capitalised or not)

Correct.

Shiva Teja

Faculty

14-Aug-24 18:07