deemed dividend

Preksha Bhatt (CA.Student) (290 Points)

07 September 2018

if company paid interest on unsecured loan to directors whether is is deemed dividend ?

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3 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 07 September 2018

Originally posted by : Preksha Bhatt
	if company paid interest on unsecured loan to directors whether is is deemed dividend ?

Yes

Preksha Bhatt (CA.Student) (290 Points)
Replied 07 September 2018

if accumulated profit is 60k and interest amount is 1cr than dividend amount is 60k right?

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 07 September 2018

Originally posted by : Preksha Bhatt
	if accumulated profit is 60k and interest amount is 1cr than dividend amount is 60k right?

Yes

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