Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2013
Dear sir,
Suppose Company "A" is subsidiary Company of Company "B" and "X" who is a share holder of Company "B" with 11% holding and 20% share of profit holding in Firm "C", now Firm "C" has received loan from Company "A",Does u/s. 2(22)(e) of IT act, attract?,kindly reply me.
Thanks
Vinod
Suppose Company "A" is subsidiary Company of Company "B" and "X" who is a share holder of Company "B" with 11% holding and 20% share of profit holding in Firm "C", now Firm "C" has received loan from Company "A",Does u/s. 2(22)(e) of IT act, attract?,kindly reply me.
Thanks
Vinod
15 November 2013
i dont think deeming provision should apply here.
15 November 2013
agree with expert,
Even my view is with Mr. Nikhil....
Even my view is with Mr. Nikhil....
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