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Income Tax - Highlights / Catch Notes

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Deemed dividend addition u/s 2(22)(e) - computation of ...


Deemed Dividend u/s 2(22)(e): Current Year's Profits Excluded from Accumulated Profits Until Year-End Book Closure.

July 19, 2016

Case Laws     Income Tax     AT

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

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