Deemed Dividend - Sec 2(22)(e)
Querist : Anonymous
Pls see the question below if you can help me out
If a shareholder holding substantial interest in a closely held co. is attracted by the provisions of this Section in the following circumstances.
F.Y. 2010-11
Loan given to the company by shareholder - Rs. 1 crore
Loan repaid by the company - Rs. 50 lakhs
Loan payable by the company - Rs. 50 lakhs
My question is whether Rs. 50 lakhs repaid by the company to the director holding substantial interest attracted by the provisions of Sec 2(22)(e)
For details see below article---
https://www.caclubindia.com/articles/details.asp?mod_id=6121
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
