Poonawalla fincorps
Poonawalla fincorps

Foreign deemed dividend

This query is : Resolved 

20 April 2013 say, A ltd (A FOREIGN COMPANY) gives loan to B ltd and B ltd gives same loan to Mr. C who is holding 30% in A ltd and Mr. C is not holding shares in B ltd. All the shareholders of foreign company are Resident of India.

Whether there is any effect of Income Tax Act, 1961?

06 June 2013 In whose assessment. If it is in case of B Ltd. then nothing will come as deemed dividend.



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