hi if any co give any advance to person having substantial int or any concern in which such person having sub int then under which hand deemed dividend will be taxable co or receipient
ca tarun sharma (SERVICE) (277 Points)
16 September 2009hi if any co give any advance to person having substantial int or any concern in which such person having sub int then under which hand deemed dividend will be taxable co or receipient
NIRAV DOSHI
(CA Final (New))
(201 Points)
Replied 16 September 2009
| Originally posted by :Tarun Sharma | ||
| " | hi if any co give any advance to person having substantial int or any concern in which such person having sub int then under which hand deemed dividend will be taxable co or receipient |
" |
It will be taxable in the hands of recepient,however company is liable to deduct tax at source if amount exceeds Rs 2500/-
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
