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
1 Replies
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/-
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