2(22)(e)

This query is : Resolved 

21 December 2015 plz tell about section 2(22)(e) of income tax 1961.. in simple words..

21 December 2015 Section 2(22)(e) is called as deemed dividend provision. In case of closely held companies, advances or loans to its controlling shareholders (holing => 10% equity shares) or to its sister concerns are regarded deemed dividend.

22 December 2015 thnk u for answering me sir...plz tell me in detail...thanks in advance for taking effort




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