Section 2-22-e -deemed dividend
This query is : Resolved
Nirav Vora
(Querist)
06 January 2010
Dear Sir,
If the accumlated profit of the lender company consisting of capital gains on sale of Investments would be considered while calculating accumlated profit for the section 2-22-e deemed dividend under i.t. act,1961.
thank you.
If the accumlated profit of the lender company consisting of capital gains on sale of Investments would be considered while calculating accumlated profit for the section 2-22-e deemed dividend under i.t. act,1961.
thank you.
Manish V. Khatri
(Expert)
07 January 2010
Yes it must considered u/s 2(22)(e) for deemeed dividend of Income-tax Act, 1961.
Since profit become free reserve after selling of Investments.
Since profit become free reserve after selling of Investments.
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