Deemed Dividend- Query

In a Private Limited Company, Director who has 95% stake uses Company’s cash for his personal expenses and personal asset purchases. Accounting is done as if Loan is given to director. Now Amount is Approx 60-75 Lacs a year. How should we account this in order to avoid tax in the hands of director by way of Deemed Dividend U/s 2(22)(e).The company has not Declared dividend since it date of incorporation.