https://www.taxtmi.com/manuals?id=1214 Distribution by a company to its shareholders of debentures, debenture-stock or deposit certificates, with or without interest, is treated as dividend to the extent of accumulated profits, whether capitalised or not. The provision also covers bonus shares issued to preference shareholders, and the deeming fiction applies only up to the amount of accumulated profits existing at the date of distribution or payment. Accumulated profits include all profits of the company up to that date. en-us Wed, 23 Sep 2015 16:39:00 +0530 Wed, 17 Jun 2026 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1214 Distribution by a company to its shareholders of debentures, debenture-stock or deposit certificates, with or without interest, is treated as dividend to the extent of accumulated profits, whether capitalised or not. The provision also covers bonus shares issued to preference shareholders, and the deeming fiction applies only up to the amount of accumulated profits existing at the date of distribution or payment. Accumulated profits include all profits of the company up to that date. Manuals Income Tax Wed, 23 Sep 2015 16:39:00 +0530 https://www.taxtmi.com/manuals?id=1214