Section 2(22)(e)
This query is : Resolved
CA Chintan Vyas
(Querist)
17 June 2008
As per this section it is given that company in which public is not substantially interested so it means it is pvt. co. If director withdraw some amt for purpose of business & in account of that company director a/c balance is in Loans & Advances then whether Director / shareholder chargeable to tax? whether company liable to deduct TDS as per section 194 ??
17 June 2008
Will you make your question clear?
23 August 2008
it will be chargeable to tax in the hands of dir.
& co is liable to tds.
& co is liable to tds.
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