24 June 2008
as per sec 2(22)(c) dividend includes distribution of profits on liquidation. i think CRR also represent profits and DDT shud be paid on CRR+P&L.
24 June 2008
Sir, Thank you for your reply. But I am critical of the provisions for : If CRR is representing profits, then why can't we issue shares and liquidate. As that will cost Rs.20,000 , while DDT will be Rs.135,000+
24 June 2008
Sir, Thank you for your reply. But I am critical of the provisions for : If CRR is representing profits, then why can't we issue shares and liquidate. As that will cost Rs.20,000 , while DDT will be Rs.135,000+
CAclubindia
