Sec. 2(22)(e) deemed dividend

This query is : Resolved 

07 May 2012 when loan given to director of private company such director also share holder in such company whether sec. 2(22)(e) {deemed dividend} applicable or not ??????

07 May 2012 Deemed Dividend will be attracted if the director holds 10% or more shares in that company and subject to accumulated profits of the company.

For more details in this regard please refer below link---

http://canirmalg.wordpress.com/2010/02/02/deemedividend/


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