What do you mean by Accumulated Profits/Losses?
Regards,
Devendra
1 Replies
CA Raj K Agrawal
(Teaching & Practice)
(944 Points)
Replied 05 November 2010
| Originally posted by : Devendra | ||
 |
What do you mean by Accumulated Profits/Losses? Regards, Devendra |
 |
Accumulated profit refers to retained earning i.e the earning which has not been distributed to shareholders and kept as part of Reserve.
-
Security Premium is not accumulated profit
-
Accumulated Profit is to be taken upto the date of disctribution. However for sec. 2(22)(c) of Income Tax Act profit upto the date of liquidation is taken.
Recent Topics
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
Related Threads
CAclubindia
