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Transfered from co.to shareholder

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2011 Pvt Ltd co.give gold coin to its share holders without consideration.pls advice the taxability for the same.
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Kapil Arora

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Kapil Arora (Expert)
25 November 2011 Assets Distribution amounts to deemed dividend as per Section 2(22)(a) of income tax act, 1961 and all the provision of taxation of dividend are applicable on it

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