incometax
This query is : Resolved
17 August 2010
Hi Friends,
Please slove my query,. if a pvt limited company gives the with interest loan to director. its loan amount would taken as deemed income in the hands of director. and my second query is if company declared the loan amount as dividend . The company is liable to pay dividend tax and director is also liable to pay tax on dividend income. please slove as soon as.
Please slove my query,. if a pvt limited company gives the with interest loan to director. its loan amount would taken as deemed income in the hands of director. and my second query is if company declared the loan amount as dividend . The company is liable to pay dividend tax and director is also liable to pay tax on dividend income. please slove as soon as.
17 August 2010
It is a deemed dividend hence company will not be liable to pay dividend tax. only the director is liable to pay the tax.
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