Loan to director & shareholder
This query is : Resolved
27 August 2016
Dear Experts,
can A pvt. ltd. company provide the loan to its director who is also shareholder of 20% in the company also let me know weather it will be treated as deemed dividend,
Regard
Radhika
27 August 2016
Loan to Director is deemed dividend .See section 2(22e) of the Income tax Act,1961 for details.
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