Section 2(22)(e)
This query is : Resolved
19 June 2008
There is Pvt. Ltd. Company. Its director withdraw some amt. for his personal purpose and ledger of that director on Co's books of a/c is under loans & Advances then whether it is taken to be as deemed dividend. If yes then whether company is liable for deduct TDS under section 194 on that amt.
19 June 2008
yes, it is deemed dividend. company needs to deposit dividend distribution tax u/s 115O. tds is not applicable.
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