a private limited is a partner in a partnership firm. so during the year it made a capital contribution in that firm. will investment by way of capital contribution be considered as deemed dividend?
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Deemed dividend 2(22)(e)
Replies (4)
Check if the firm is shareholder in the company?
If no, no question of applicability of the section.
the shareholders in private limited and other partners in the firm are same. so will not firm be covered as beneficial owner although it does not hold stake in the company directly?
Yes, but when it is capital contribution, and not advance or loan, the same can be negated.
Fresh infusion of capital by way of promoters contribution in case they are majority to the stake.
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