dividend u/s 2 (22) e

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vandana (Querist)
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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

CA Sanat Pyne (Expert)
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12 August 2010 VISIT THIS LINK
https://www.caclubindia.com/articles/deemed-dividend-section-2-22-e-of-income-tax-act-1961-6121.asp

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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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)

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