deemed dividend sec 2(22)(e)

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Ravi Singh (Querist)
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01 January 2010 whether a cash payment made to director which is applied by him in buying a laptop for business purpose and the bill of the same is in the name of company to be treated as deemed dividend or not ??

Aditya Maheshwari

Aditya Maheshwari (Expert)
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01 January 2010 Then why not book the asset in the company itself and not attract the provisions of 2(22)(e)

Rasesh

Rasesh (Expert)
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01 January 2010 Agree with Mr. Aditya Maheshwari

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Ravi Singh

Ravi Singh (Querist)
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01 January 2010 thnks ...!!!!!!

Bhavesh

Bhavesh (Expert)
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02 January 2010 Deemed dividend is for any payment to a Director but only thiose payments which take the nature of a loan or advance to be covered.

The above case is not covered as Deemed Dividend by any stretch of imagination.

Ravi Singh

Ravi Singh (Querist)
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04 January 2010 thnks mr bhavesh........