Us 37/1
This query is : Resolved
07 February 2012
Dear Sir,
my company is Pvt. Ltd. & he make this year profit arount 2500000,than i make invest ment on director name & give cheque from company than i get deduction u/s 37(1) in compant return
my company is Pvt. Ltd. & he make this year profit arount 2500000,than i make invest ment on director name & give cheque from company than i get deduction u/s 37(1) in compant return
07 February 2012
Dear friend, the investment made on the name of directors will be deemed to be dividend under section 2(22) of the Income Tax Act,1961. section 37(1) deal with expenses which are for the business of the company which are not considered under section 30 to 36 of the Income Tax act,1961. You have made investment and not any expenses for the business of the company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
