dividend u/s 2 (22) e
This query is : Resolved
12 August 2010
If a pvt ltd company gives adance against salary/ TA Advance/Other advances for expenses to its shareholder cum director, will that be covered u/s 2(22) e ?
CA Sanat Pyne
(Expert)
12 August 2010
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https://www.caclubindia.com/articles/deemed-dividend-section-2-22-e-of-income-tax-act-1961-6121.asp
12 August 2010
Since the payments referred in the query is not for the individual benefit of the person concerned, provisions of section 2(22) (e) will not attract.
12 August 2010
It will not be treated as deemed dividend as the advances are meant for official expenses.
And, regarding advance salary, the treatment is altogether different & will not be covered under 2(22)(e)
And, regarding advance salary, the treatment is altogether different & will not be covered under 2(22)(e)
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