capitalisation of reserves

This query is : Resolved 

11 February 2010 Any one please let me confirm, Will accumulated reserves & surplus in a Private Limited Company be considered as deemed dividend in the the fourth year?

17 February 2010 No. Section 2(22)(e) does not support any such provision or interpretation.

17 February 2010 NO. deemed dividend can be considered on when distribution of assests or distribution as defined in Section 2(22)(e) is made.




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