https://www.taxtmi.com/news?id=19537 The amendment provides that, for dividend purposes, accumulated profits of an amalgamated company shall be increased by the accumulated profits of the amalgamating company, whether capitalised or not, on the date of amalgamation, thereby preventing use of amalgamation and capital reduction to circumvent tax on distributions and applying from the notified effective date. en-us Mon, 05 Feb 2018 10:49:44 +0530 Mon, 05 Feb 2018 10:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19537 The amendment provides that, for dividend purposes, accumulated profits of an amalgamated company shall be increased by the accumulated profits of the amalgamating company, whether capitalised or not, on the date of amalgamation, thereby preventing use of amalgamation and capital reduction to circumvent tax on distributions and applying from the notified effective date. News - Mon, 05 Feb 2018 10:49:44 +0530 https://www.taxtmi.com/news?id=19537