Dear Friends,
Where is it specifically mentioned in the IT Act 1961 that deemed dividend u/s 2(22)(e) is not exempt under section 10 and also does not suffer DDT u/s 115-O of the Act ?
Please suggest with the Act's extracts.
CA Bijay Shrestha (Never Give up....No matter what....) (858 Points)
23 November 2016Dear Friends,
Where is it specifically mentioned in the IT Act 1961 that deemed dividend u/s 2(22)(e) is not exempt under section 10 and also does not suffer DDT u/s 115-O of the Act ?
Please suggest with the Act's extracts.
CA Bijay Shrestha
(Never Give up....No matter what....)
(858 Points)
Replied 23 November 2016
I got it.
In Explanation to the ChapterXII-D: For the purpose of this Chapter, the expression "dividend" shall have the same meaning as is given to "dividend" in clause(22) of Section 2 but shall not include sub-clause (e) thereof.
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