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