Reserve to be converted in to paidup capital
This query is : Resolved
03 March 2012
I have Reserve & Surplus ( Profit & Loss A/c) in our Pvt. Ltd. Co. I want to convert it in to paid up capital by way of issue of Bonus Share. whether It attract Dividend distribution Tax or not. Whether it is possible or not. kindly advice
03 March 2012
THIS IS NOT DIVIDEND HENCE NO DDT
06 March 2012
Thank you Gupta ji,
I also want your advice that the profit of every year can be converted in to paid up capital by issuing bonus share in next financial year.
I also want your advice that the profit of every year can be converted in to paid up capital by issuing bonus share in next financial year.
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