Deemed dividend.

This query is : Resolved

Abhijit Rane (Querist)
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16 October 2012
Query:

Loan, Advance, intercorporate deposit given by a private company to a listed public company. wherein there is a same shareholder where he holds 10% in the private company and almost 90% in public company.

kindly opine on the applicability of sec
2(22)e.

Regards,

Abhijit

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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16 October 2012 the same will be taxed as dividend in the hands of the shareholder
See Ankitech Case of DElhi HC in this regard
CA MANOJ GUPTA
JODHPUR
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