banner_ad

Dividend u/s 2(22)(e)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 August 2011 Whether Salary Advance to a director is also fall within the sweep of section 2(22)(e).

If Yes, Then whether it would be taxed two time viz first under the head salary and second as dividend under other source?

If it is treated as dividend whether the company is liable to deduct TDS u/s 192.
Profile Image

Preety Parik

Profile Image

Preety Parik (Expert)
22 August 2011 I do not agree that advance salary can be deemed dividend. At the time of salary provision, director's account may be credited and advance salary might be debited. At the time of payment, Director's account might have been debited so that there is no outstanding balance in the account. Also advance salary attracts TDS. Once a sum paid is salary, it cannot be treated as dividend.
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
22 August 2011 section 2(22)e is not applicable for your case. As this section applicable to loans and advances given to director by company. In your case advance salry given to a director does not come within the perview of this secction. sec 192 will be applicable for advance salary.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details