If "A" company gives Share Application money to "B" company whether this can be treated as Deemed Divedend.Both are Private co. Common shareholder holds 20% in "A" & 50% in "B" company. Shares ultimately not allotted.
Hello Mr. G Bhura,
Can you please elaborate (explain) the matter further?
Regards,
Prabeer Sarkar.
CAclubindia
