Drawing of Company profit

10 April 2018

Is income tax charged if one draws out profit from his own company on which 30% tax is already paid?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185323 Points)
Replied 10 April 2018

1 Like

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 10 April 2018

No....

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Narinder Saini (18 Points)
Replied 10 April 2018

Company has to pay dividend tax on distribution of profits to its shareholders.

RAMAKRISHNAN R (INCOME TAX OFFICER) (1736 Points)
Replied 10 April 2018

company? if it's proprietorship concern then no effect but if it's a company then there's possibility of deemed dividend under 2(22)(e)

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