deemed dividand.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2010
hii friends...
private co. has 2 shareholder. out of one is member of one huf which has taken loan from that private limited. in that case whether provision of 2 22 e is applicable??
also private co. has given loan to spouse of shareholder then whether this provision is applicable?
the shareholder is holding 50% share in both cases..
thanks...
private co. has 2 shareholder. out of one is member of one huf which has taken loan from that private limited. in that case whether provision of 2 22 e is applicable??
also private co. has given loan to spouse of shareholder then whether this provision is applicable?
the shareholder is holding 50% share in both cases..
thanks...
03 July 2010
Sec 2(22)(e) will not be attracted in both cases as loan is not advanced to shareholders, but remember the interest should be charged on such loan
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