Transfered from co.to shareholder
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2011
Pvt Ltd co.give gold coin to its share holders without consideration.pls advice the taxability for the same.
Kapil Arora
(Expert)
25 November 2011
Assets Distribution amounts to deemed dividend as per Section 2(22)(a) of income tax act, 1961 and all the provision of taxation of dividend are applicable on it
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