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Deemed dividend

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14 June 2016 WHETHER INTEREST BEARING LOANS GIVEN TO A MD WHO IS ALSO A SHAREHOLDER HOLDING MORE THAN 20% SHARES WILL ATTRACT DEEMED DIVIDEND.?
COMPANY HAS BORROWINGS AND FREE RESERVES.

14 June 2016 By reading section 2(22)(e) I dont feel that deemed dividend provisions will be applicable for interest paid on loans given by MD.



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