2 22 (e) of the it act, 1961 - union budget 2018 fy 2018-19
This query is : Resolved
27 February 2018
Out of the Accumulated profits `A’ Pvt Ltd Co had given (prior to AY 2016-17) interest free advance to `B’ Pvt Ltd Co. ` B’ Pvt. Ltd Co. is neither a beneficiary nor registered shareholder of the `A’ Pvt. Ltd. Co.
`A’ Pvt. Ltd. and `B’ Pvt. Ltd. Co. have got the same directors who hold 50% shares each in both the Companies.
Question: With reference to the above we wish to know whether deemed dividend u/s 2 22 (e) is applicable to the above transaction.
`A’ Pvt. Ltd. and `B’ Pvt. Ltd. Co. have got the same directors who hold 50% shares each in both the Companies.
Question: With reference to the above we wish to know whether deemed dividend u/s 2 22 (e) is applicable to the above transaction.
27 February 2018
Recipient of loan is not a shareholder of lending company,hence 2(22)(e) doesn't
apply.
apply.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Renting of Villa
- ITR filing obligation due to savings deposit
- Tax payment deduction from house loan EMI
- Error AIS modification submitted
- House keeping and security services ITC can claim
- DTAA India & UAE
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- NRI as second account holder of resident account
- To Keep Records
- WHAT TO SELECT IN 27Q TDS RETURN ? PAYMENT TO NON-RESIDENT
- Salaries to Executive Committee Members
- TDS deduction.
- Leave taken during Extension period of Articleship
- Regarding TDS deduction before 15CA filing
- Reversal of Interest provision in case of MSME buyer
- GST LIABILITY on market yard
- ITC CLAIM ON CLEARING AND FORWARDING CHARGES IN CASE OF IMPORT
- How yto make journal entry of bank Gurantee
- Accounting treatment of Basic Custom Duty
- Regarding ITC Reversal
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
