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Section 2(22)(e)

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(Querist)
29 July 2009 Suppose if A company has given a loan to B company wherein shareholder holds 99% of holding and 50% holding in B company

So is deemed dividend applicable??

Its urgent
Regards
Hitesh khona
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
29 July 2009 Please make you Q clear. :)
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HITESH KHONA

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HITESH KHONA (Querist)
29 July 2009 It means A shareholder is common between the two companies. For A he is having 99% shareholding & company B he is having 40$ shareholding
So is deemed dividend applicable
If A given to Loan to B



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sunny bansal

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sunny bansal (Expert)
29 July 2009 definetly it will be the case of deemed dividend u/s 2(22)(e) if company A is private co.

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