29 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
i can not let my client to pay tax. pls advise me.
29 March 2010
Issue bonus shares before the loan was taken or change the shareholding pattern before the loan was taken bringing his holding less than 10% or enter into an MOU for purchase of any property the director may be having.
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