17 December 2013
I am director in two pvt. ltd. company. I have give loan from one company to another company, and charged interest. The amount outstanding is taxable in the hand of director as deemed dividend.I have recd. back in next year. Please clarify taxability and tax treatment in the next year.
17 December 2013
Yes when you have substantial int in other co and you are director in other and 1 co gives loan to other then it will be deemed as dividend in your hands
CAclubindia
