Unpaid Dividends in General Reserve u/s 41: Avoid Double Taxation on Unclaimed Dividends Not Disbursed.

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....Addition on account of unpaid dividends - Cessation of of liability - Additions u/s 41 - Unclaimed dividend transferred to General Reserve - the dividend so declared is not actually disbursed and were to be added back to the taxable income, it would mean a double taxation. - AT....