banner_ad

Section 2(22)(e) deemed dividend.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 February 2013 A company has a given a loan of rs 1,00,000 to a shareholder and his share of interest in company giving loan is 30%. The accumulated profits of the company amounted to Rs 60000.
What will be the taxable amount under section 2 (22)(e), Whole of rs 60,000 or 30% of Rs 60,000?
Profile Image

CA.Sourabh Sethia

Profile Image

CA.Sourabh Sethia (Expert)
23 February 2013 Here, loan given by the company exceeds the accumulated profits.

thus, entire accumulated profits are to be taken into account under section 2(22)(e).

30% of Rs. 60,000 should not be regarded as deemed dividend under section 2(22) (e).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details