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Section 2 (22)(e)

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(Querist)
04 February 2016 A shareholder who holds 15% in a private Co. is also the director of the said Co. He has withdrawn amount in excess of the salary amount . Whether the excess amount withdrawn be regarded as advance and taxed u/s 2 (22)(e) or not.
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CA Harish Suwalka

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CA Harish Suwalka (Expert)
05 February 2016 Yes the additional amount will be covered under 2 22 e unless it covered under exceptions

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