26 December 2008
if the company is engaged in lending money but that part is substantial.Is the company liable to register in rbi as NBFC company? my case is stand in the exception of u/s 2(22)e that is in ordinary course of business loan given to shareholder is not deemed dividend but the AO asked is the co. is NBFC CO.i said no it should be then he said it must be nbfc. so wat should i do.
26 December 2008
GIVE HIM THE REFERENCE OF THE CASE LAW OF JHAMU SUGANDH V/S ITDEPT. JUDGEMENT PASSED BY SUPREME COURT IT STATES ALL THE DETAILS RELEVENT TO YOUR CASE YOU CAN GET THIS JUDGEMENT FROM bcasonline.org SITE MAINTAINED BY BOMBAY CHARTERED ACCOUNTANTS SOCIETY EVEN THEN IF YOU REQUIRE ANY FURTHER HELP ON DEEMED DIVIDEND WHICH IS A VERY COMPLICATED ISSUE IN REAL YOU CAN MAIL ME ON preetiambani@yahoo.com INCASE YOU FEEL YOU CAN EVEN CALL ME FOR ANY ASSISTANCE ON THIS SUBJECT CHANDRAKANT AMBANI BOMBAY 9819408963 9821240674
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