01 April 2012
Whether distribution of resreves to director (who are shareholder's holing more than 10% share) will be deemed dividend as per sec 2(22)e.?
03 April 2012
Yes, it is taxable but not under sub section (e), but sub section (a). Eventhough it is double taxation, it is clearly specified in Sec 115O that DDT is over and above the normal tax. Hope this clarifies ur query.
CAclubindia
