deemed dividend 2(22)(e)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2009
there r 2 pvt companies
companies a and b
company a has 2 shareholders x and y 50% each
while company b has 3 shareholder x ,y 10% each and balance company a
now company a incurrs some expense on behalf of company b
will it come under the scope of 2(22)(e)???????
if yes company a shereholders i.e x and y will have to bear the tax as per the above referred section.
companies a and b
company a has 2 shareholders x and y 50% each
while company b has 3 shareholder x ,y 10% each and balance company a
now company a incurrs some expense on behalf of company b
will it come under the scope of 2(22)(e)???????
if yes company a shereholders i.e x and y will have to bear the tax as per the above referred section.
03 December 2009
Since the share holder (company a) has incurred expenses it cannot be treated as dividend. However the said expenses can be treated as loan given by company a to company b.
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