https://www.taxtmi.com/article/detailed?id=7848 A proposed Explanation 2A to section 2(22) expands "accumulated profits" for dividend purposes to include the accumulated profits or losses of an amalgamating company on the date of amalgamation for the amalgamated company. Separately, deletion of the Explanation to Chapter XII-D after section 115Q would subject amounts treated as deemed dividend under section 2(22)(e) to dividend distribution tax under section 115-O at a fixed corporate rate without grossing up, applying to transactions on or after the specified commencement date. en-us Fri, 02 Feb 2018 11:58:35 +0530 Fri, 02 Feb 2018 18:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7848 A proposed Explanation 2A to section 2(22) expands "accumulated profits" for dividend purposes to include the accumulated profits or losses of an amalgamating company on the date of amalgamation for the amalgamated company. Separately, deletion of the Explanation to Chapter XII-D after section 115Q would subject amounts treated as deemed dividend under section 2(22)(e) to dividend distribution tax under section 115-O at a fixed corporate rate without grossing up, applying to transactions on or after the specified commencement date. Articles Budget - Tax Proposals Fri, 02 Feb 2018 11:58:35 +0530 https://www.taxtmi.com/article/detailed?id=7848