Q. When there is a reduction of capital by a company and amounts - TopicsExpress



          

Q. When there is a reduction of capital by a company and amounts are distributed to shareholders, (a) the entire distribution is subject to capital gains tax. (b) the entire distribution is subject to tax under the head “Income from other sources”. (c) The distribution attributable to accumulated profits is chargeable as deemed dividend and distribution attributable to capital is subject to capital gains tax. (d) the entire distribution is subject to PGBP tax. Thanks & Regards LAXMAN SINGH TAXATION CLASSES A Unit of Brilliant Academy of Learning PVT. LTD U-112, 2ND FLOOR, SHAKARPUR, LAXMI NAGAR METRO STATION ENTRY GATE No.3, N. Delhi-110092 Call: 9818837974 & 9312507896 facebook/Laxmansinghtaxationclasses
Posted on: Fri, 05 Sep 2014 18:33:13 +0000

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