Deemed Dividend
This query is : Resolved
04 November 2019
Dear Experts,
If a Private ltd co has given loan to its directors and on whose hands is it taxable and if so, what is the %?
If a Private ltd co has given loan to its directors and on whose hands is it taxable and if so, what is the %?
04 November 2019
Taxed in the hands of Director's at the slab rate of tax applicable to individuals.
06 November 2019
W.E.F 1-4-2018 to be taxed in the hands of company @ 30% per proviso to section 115O(1).
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