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HINDUSTAN PETROLEUM CORPORATION LIMITED (A Government of India Enterprise) Requires SENIOR E & P PROFESSIONAL PRIZE PETROLEUM COMPANY LIMITED (A Wholly Owned Subsidiary of HCL) Hindustan Petroleum
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What is senior e amp p?
Senior Earnings and Profits (E&P) is a calculation used by corporations to determine the amount of their profits that can be distributed to shareholders without being taxed as dividends.
Who is required to file senior e amp p?
Corporations with shareholders who are subject to dividend tax are required to file Senior E&P.
How to fill out senior e amp p?
Senior E&P is filled out by calculating the profits of the corporation that are available for distribution to shareholders without being taxed.
What is the purpose of senior e amp p?
The purpose of senior E&P is to determine the tax implications of distributing profits to shareholders.
What information must be reported on senior e amp p?
The information reported on Senior E&P includes the profits of the corporation and any adjustments that may affect the amount available for distribution.
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