A director of pvt ltd company holding 33 % shares takes loan from his company and returns back the entire amount with 9% interest over a period of time...
pl advise if this comes under deemed dividend us 2(22) and will that loan amount will be taxed as income in directors hand .
Menu
Deemed dividend
Replies (5)
As per amendment in section of Companies Act 2013 , no loans can be given to directors and their relatives. So question of 2(22)(e) does not arise.
Thanks for the reply...however this happened in 2012 ...before companies act 2013 came into effect....
Section 2(22)(e) applicable in your case
Thanks for the reply...
No loans can be given to directors
Recent Topics :
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
Related Topics :
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
