Section 2 (22)(e)
This query is : Resolved
04 February 2016
A shareholder who holds 15% in a private Co. is also the director of the said Co. He has withdrawn amount in excess of the salary amount .
Whether the excess amount withdrawn be regarded as advance and taxed u/s 2 (22)(e) or not.
05 February 2016
Yes the additional amount will be covered under 2 22 e unless it covered under exceptions
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