Audit
This query is : Resolved
08 October 2013
Loan given to director taxable or not, if taxable pls tell me section
08 October 2013
Yes , taxable as deemed dividend, if director is shareholder and his shareholding is more than 10% of total holding. please refer section 2 (22) (e) of Income Tax act.
Message likes :
1 times
08 October 2013
thanks Mr. Arun also tell me relative of director in private limited company
08 October 2013
Deemed Dividend u/s 2(22)(e) is taxable in the
hands of shareholder u/s 56 of the Income Tax
Act and it is not taxable in the hands of
company.
Also Deemed Dividend u/s 2(22)(e) is not exempt
u/s 10(33) of the Income Tax Act.
hands of shareholder u/s 56 of the Income Tax
Act and it is not taxable in the hands of
company.
Also Deemed Dividend u/s 2(22)(e) is not exempt
u/s 10(33) of the Income Tax Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- ITDS U/S.194T of Firm
- Eway bill not cancelled within 24 hous what can be due
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- TDS Return Q1 FY 2026-27
- DIN reactivation
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
