Deemed dividend
This query is : Resolved
17 May 2018
If a loan is taken by the director and is repaid to the copmany within that year , will the loan amount paid will be considered as deemed Dividend?
17 May 2018
Even if the loan is repaid by the director, it will be treated as deemed dividend, provided other conditions of Sec 2(22)(e) are fulfilled.
17 May 2018
Can you give any case law that is in favour of the assesee provided the loan is repaid within the year
17 May 2018
No. Case laws are unfavouarble.
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