Dear ALL,

As per Sec 2(22) (e), if a laon/advance is given to a director/s is given in case of Loss, it is taxable dividend in the hand of the Director/TDS to be deducted. Again accumulated profit means only profit or vice versa also.
Plz answer with all treatment in the Books, taxation etc.
Regards
Nagendra Prasad Gupta
ACA509615

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Nazir