TMI BlogDeemed Dividend u/s 2(22)(e): Current Year's Profits Excluded from Accumulated Profits Until Year-End Book Closure.Deemed dividend addition u/s 2(22)(e) - computation of accumulated profits - it shall not include current year’s proportionate profit, since the current years profit shall be deemed to accrue only when the books of account are closed at the year end - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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