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accumulated profits
10-19-2009, 09:25 PM
Post: #1
accumulated profits
Q Will a loan or advance by a private limited company to its holding company be considered as payment of dividend if the subsidiary possesses sufficient amount of accumulated profits?

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10-20-2009, 06:36 AM
Post: #2
 
no one replying????? (
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10-20-2009, 02:36 PM
Post: #3
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by killer12</i>
<br />Q Will a loan or advance by a private limited company to its holding company be considered as payment of dividend if the subsidiary possesses sufficient amount of accumulated profits?

Please express your views....
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Dear,
In company ordinance 1984, there is no such explicit specification.

However, reference, in this regard, may be given from Income Tax Ordinance 2001, according to which, In such a case loan or advance will be treated as dividend.

Exhibit the defination of Dividend, check 19-e thereat.


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