Deemed Dividend

This query is : Resolved 

04 November 2019 Dear Experts,
If a Private ltd co has given loan to its directors and on whose hands is it taxable and if so, what is the %?

04 November 2019 Taxed in the hands of Director's at the slab rate of tax applicable to individuals.

06 November 2019 Thankyou sir!!! But is it not 15% sir?


06 November 2019 W.E.F 1-4-2018 to be taxed in the hands of company @ 30% per proviso to section 115O(1).

06 November 2019 Thankyou Sir for helping me out



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