21 December 2009
mr surendra pl elaborate this, suppose the company has taken a loan and given to directors say same amount or less and the company is a loss company ie. the reserve & surplus is negative (dr bal.), in this case whether sec-2(22)(e) deemed dividend applicable.
23 December 2009
Surendra Sir, I have 1 doubt... If the company has granted deposit to its director, say Mr. A to purchase flat & the same flat is taken on lease by the company from director Mr. A to provide accomodation to the same director Mr. A, can the deposit above will be considered as Deemed dividend u/s 2(22)(e)?