deemed dividend
This query is : Resolved
24 September 2009
how to infer that a transaction is in the nature of deemed dividend?what effect does it have on our B/S n Profit/Loss?What reporting is reqd. for it?
24 September 2009
1) The company should be a closely held company.
2) The company should have accumulated profits.
3) The directors should have substantial interest in the company.
4)The directors should have taken advance/loan from the company.
Then the question of deemed dividend arises.
For more details read section 2 (22) (e) of the Income tax Act,1961.
2) The company should have accumulated profits.
3) The directors should have substantial interest in the company.
4)The directors should have taken advance/loan from the company.
Then the question of deemed dividend arises.
For more details read section 2 (22) (e) of the Income tax Act,1961.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Change Of Karta In Case of Death
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
