16 March 2010
deemed dividend 2(22)(e) sir i have problem of deemed dividend.a company has given loan to its director of rs 50 lacs whose holding is more then 10%. what can i do for that before 31st march?? pls if possible then reply
16 March 2010
If the company is a closly held company and it has accumulated profits, there is no way out to escape from the purview of deemed dividend even if the loan is squared up before the year end.
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