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Deemed div u/s 2(22)(e)

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CA Sahil Singla.. Service Tax [ Scorecard : 3596]	Posted On 01 May 2012 at 16:24
	Sir Suppose co. has Rs 200000 as accumulated profits. It has given loan to Mr. X of Rs. 200000 taxable as deemed dividend u/s 2(22)(e). AFter some time this load was repaid to Co. by Mr. X. Now co. gives loan to another shareholder Mr. B of Rs. 100000. Please tell me whether Rs. 100000 is deemed dividend ? I mean to say whether repayment of Loan by Mr. X to be considered while taxing Deemed dividend in hands of B ?

sumit CA final Student [ Scorecard : 148]	Posted On 01 May 2012 at 18:01
	repayment will not make any difference... Total thanks : 1 times

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