deemed dividend 2(22)(e)

This query is : Open 

16 March 2010 deemed dividend 2(22)(e)
sir i have problem of deemed dividend.a company has given loan to its director of rs 50 lacs whose holding is more then 10%. what can i do for that before 31st march?? pls if possible then reply

16 March 2010 If the company is a closly held company and it has accumulated profits, there is no way out to escape from the purview of deemed dividend even if the loan is squared up before the year end.

17 March 2010 DEAR BIREN,

PLEASE TELL WHETHER THE COMPANY IS A NBFC COMPANY AND WHAT IS THE MAIN SOURCE OF INCOME OF THE COMPANY.

REGARDS

26 March 2010 sir i can not let my client to pay tax on deemed divinand income. suggest any way to avoid tax...


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details