Deemed dividend
This query is : Resolved
Nirav Vora
(Querist)
27 August 2010
Dear All,
If the shareholder has receivced loan from the Co. and subsequently the holding of such shareholder is increceed more than 10 % then in such case whether deemed dividend will apply ?
If the shareholder has receivced loan from the Co. and subsequently the holding of such shareholder is increceed more than 10 % then in such case whether deemed dividend will apply ?
CA Sanat Pyne
(Expert)
27 August 2010
no deemed dividend will apply if thereis a holding of 10% or more at the time of receiving loan.
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