Section 2(22)(e) of the income tax act, 1961
This query is : Resolved
Guest
Guest
(Querist)
14 November 2013
Dear Expert,
I want to know the applicability of Section 2(22)(e) on advance/loan given by a private limited company to an AOP in which three of the major shareholders (holding more than 10% shares each) collectively holds substantial interest (i.e. more than 20% voting power).
I want to know the applicability of Section 2(22)(e) on advance/loan given by a private limited company to an AOP in which three of the major shareholders (holding more than 10% shares each) collectively holds substantial interest (i.e. more than 20% voting power).
15 November 2013
answered elsewhere.
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