LOAN GIVEN BY DIRECTOR TO THE COMPANY IS COMES UNDER RELATED PARTY TRANSACTION?
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Related party transaction
Replies (2)
Yes it is related party transaction as per 40b of IT act.
Sec 2(22)(e) deals with deemed dividend.
Type of Company
a Closely Held Company i.e., a Company in which the public is not substantially interested.
for more detail visit this link:
https://profsindia.com/forum/topic/deened-dividend-transaction/#post-6145
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