deemed dividend 2(22)(e)


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.

17 March 2010 DEAR BIREN,

PLEASE TELL WHETHER THE COMPANY IS A NBFC COMPANY AND WHAT IS THE MAIN SOURCE OF INCOME OF THE COMPANY.

REGARDS


26 March 2010 sir i can not let my client to pay tax on deemed divinand income. suggest any way to avoid tax...



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