Deemed dividend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 May 2012
Dear sir,
Loan given by private limited company to a Director`s relative and company have a credit balance in profit and loss account.
is above loan treat as Deemed dividend
Loan given by private limited company to a Director`s relative and company have a credit balance in profit and loss account.
is above loan treat as Deemed dividend
14 May 2012
Hi
You have stated insufficient facts.
1. Loan to shareholder having more than 10% shareholding in a closely held company qualifies as deemed dividend.
Additionally, the loan may be to a concern in which such shareholder has a substantial interest or may be to another person for the benefit of such shareholder.
Accumulated profits include Credit Balance in P & L A/c and also other items.
A comprehensive study of all facts put together is required to determine an amount as deemed dividend.
You may visit https://canirmalg.wordpress.com/2010/02/02/deemedividend/
You have stated insufficient facts.
1. Loan to shareholder having more than 10% shareholding in a closely held company qualifies as deemed dividend.
Additionally, the loan may be to a concern in which such shareholder has a substantial interest or may be to another person for the benefit of such shareholder.
Accumulated profits include Credit Balance in P & L A/c and also other items.
A comprehensive study of all facts put together is required to determine an amount as deemed dividend.
You may visit https://canirmalg.wordpress.com/2010/02/02/deemedividend/
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
