EASYOFFICE

Capital Gain

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 August 2010 Is it possible for the pvt. co. to distribute capital gains from the sale of land as dividend among shareholders?
If yes please provide with the conditions and also sections and provisions of Income Tax act and Companies act which supports your opinion.
Thanks in Advance.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
10 August 2010 It would be normal profit on which tax is being paid and hence can be distributed as dividend subject to payment of DDT.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links