How are profits prior to incorporation ascertained and how these are p

1.	How are profits prior to incorporation ascertained and how these are profit deal with
Answer» Thus, any PROFIT/LOSS made before the INCORPORATION is KNOWN as “Profit (Loss) Prior to Incorporation” which is treated as a capital profit and the same cannot be DISTRIBUTED as business profit. Hence, it cannot be distributed by way of dividend.

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How are profits prior to incorporation ascertained and how these are profit deal with ​

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How are profits prior to incorporation ascertained and how these are profit deal with