deemed dividend
This query is : Resolved
CA Vineet Sharma
(Querist)
10 June 2011
Payment of director's personal credit card later on deducted from their salary(Hold more then 10% shares of closely held company)
Is it falls under the head of Deemed dividend u/s 2(22) e
Is it falls under the head of Deemed dividend u/s 2(22) e
s v rajesh
(Expert)
10 June 2011
Hi,
Its doesn't fall under deemed dividend concept.
Its doesn't fall under deemed dividend concept.
CA Vineet Sharma
(Querist)
10 June 2011
Could you tell me the reason since as per my knowledge even if we get the salary in advance it come under the deemed dividend and the credit card payment is like an advance since it for the personal use of director
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