Section 2(22)(e)

This query is : Resolved 

29 July 2009 Suppose if A company has given a loan to B company wherein shareholder holds 99% of holding and 50% holding in B company

So is deemed dividend applicable??

Its urgent
Regards
Hitesh khona

29 July 2009 Please make you Q clear. :)

29 July 2009 It means A shareholder is common between the two companies. For A he is having 99% shareholding & company B he is having 40$ shareholding
So is deemed dividend applicable
If A given to Loan to B


29 July 2009 definetly it will be the case of deemed dividend u/s 2(22)(e) if company A is private co.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries