banner_ad

Section 2(22)(e) - deemed dividend

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 August 2012 One of my client company has advanced money to its director and then has settled the same in the same year against salary and performance incentive to be paid to the director.
Will this attract Section 2(22)(e)?
Can we claim that the advance was against salary and therefore Section 2(22)(e) is not applicable?

Pls Reply.
Thank you
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
03 August 2012 section 2(22)(e) will not be applicable.
Profile Image

CA CS Amit S. Kedia

Profile Image

CA CS Amit S. Kedia (Expert)
03 August 2012 If your Salary is aleady due or advance is given just a few days before the payment of actual salary and if it can be proved effectively by the assesse then only section 2(22)(e) will not be applicable otherwise applicable.
Also, the amount of advance also matters.
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
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

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

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details