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Deemed dividend

This query is : Resolved 
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(Querist)
23 September 2009 If karta is shareholder holding more than 10% shareholding in company and company gives advance to HUF it amounts to deemed dividend.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
23 September 2009 For that u have to pass resolution and approved in board meeting. But you already give advance so that thing also not possible.
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Gaurav

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Gaurav (Querist)
24 September 2009
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