Deemed dividend
This query is : Resolved
24 November 2010
I have a query as follows:
Suppose a company B has got more than 10% shareholding in company A.If company A grants advances to Mr.c, who holds 90% shares in company B, will it be deemed dividend, and if yes then taxable in whose hands??
Suppose a company B has got more than 10% shareholding in company A.If company A grants advances to Mr.c, who holds 90% shares in company B, will it be deemed dividend, and if yes then taxable in whose hands??
24 November 2010
No It will not be treated as a Deemed Dividend.
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