DEEMED DIVIDEND
This query is : Resolved
05 December 2008
WHAT IS THE DEFINITION OF SUBSTENTIAL INTEREST IN CASE OF COMPANY IN SECTION OF DEEMED DIVIDEND (SEC 2(22)(e)).
05 December 2008
with reference to comapny substantial interest here means holding of 10% or more voting power in the company . However if the same has to be ascertained for the purposes of ascertaining the dividend for the payees it is 20% of the profit entitlement.
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