Deemed dividend

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 October 2012
If a pvt ltd company declared an amount as deemed dividend and the company fails to pay Dividend distribution tax within 14 days from the date of declare. In that case whether the amount of Tax or amount of deemed dividend will be disallowed while computing Income of such pvt limited company? also provide reference to this matter if possible. Waiting for reply

Aditya Maheshwari

Aditya Maheshwari (Expert)
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03 October 2012 You cannot declare deemed dividend. TDS is deductible in case of deemed dividend. DDT u/s 115O not applicable to deemed dividend u/s 2(22)(e).