deemed dividend sec 2(22)(e)
This query is : Resolved
Ravi Singh
(Querist)
01 January 2010
whether a cash payment made to director which is applied by him in buying a laptop for business purpose and the bill of the same is in the name of company to be treated as deemed dividend or not ??
Aditya Maheshwari
(Expert)
01 January 2010
Then why not book the asset in the company itself and not attract the provisions of 2(22)(e)
Ravi Singh
(Querist)
01 January 2010
thnks ...!!!!!!
02 January 2010
Deemed dividend is for any payment to a Director but only thiose payments which take the nature of a loan or advance to be covered.
The above case is not covered as Deemed Dividend by any stretch of imagination.
The above case is not covered as Deemed Dividend by any stretch of imagination.
Ravi Singh
(Querist)
04 January 2010
thnks mr bhavesh........
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