Dividend Distribution Tax
This query is : Resolved
22 June 2008
I want to wind-up a private limited company, amongst reserves are :
Paid-up Share Capital 11 lacs
Capital Redemption Reserve 9 lacs
Profit & Loss Account 3 lacs
Capital Redemption Reserve is on account of Buy-Back of shares.
Is DDT payable on :
Paid-up Share Capital ?
CRR ?
P & L A/c. ?
Paid-up Share Capital 11 lacs
Capital Redemption Reserve 9 lacs
Profit & Loss Account 3 lacs
Capital Redemption Reserve is on account of Buy-Back of shares.
Is DDT payable on :
Paid-up Share Capital ?
CRR ?
P & L A/c. ?
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+
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+
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+
26 June 2008
in any case u need to pay DDT on 12 lacs as sec. 2(22)(d) includes all accumulated profits whether capitalised or not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Voluntary gst tax given in DRC FORM 3 US 122 AND US125
- New Time limit for gst assessment for fy 2017-2018,2018-2019,2019-2020,2020-2021
- Reg Correction Form 15CB & 15CA
- TDS deposited by party after the filing of income tax returns
- Rebate u/s 87a on STCG / LTCG - New tax regime
- TDS deduction requirement
- Gstr9 fy23-24
- Regarding TDS refund u/s 194B & 194G of AY 2024-25
- Cancel of form 102 without transfer
- Query regarding table 17 of GSTR9
- Specified Time limit for gst assessment for fy 2017-2018,2018-2019,2019-2020,2020-2021
- GST applicability on handling of agricultural produce
- Discount on Tally Renewal
- Pre-deposit @20%- appeal proceedings
- 8C of gstr9
- Regarding the Demand Raised in TAN due to inoperative PAN.
- ITC IN AMMENDED INVOICE IN GSTR9 2023-24
- Unclaimed ITC relates to FY2023-24 reclaimed in October-2024 but failed to reverse the same
- Rule 42 Calculation
- Fixed assets to be expensed out resulting nil value
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
