Deemed Dividend on Asset & Liability Taken by Shareholder

127 views 1 replies
Dear Experts.

FACTS.
Mr. A (Director of ABC Pvt Ltd co) holds 50% shares and his wife holds remaining 50% shares.

ABC Pvt Ltd has negative balance in Reserves.

Mr.A wants to take over the assets of the Company worth Rs 1 crs and also liability of the company worth Rs.1 crs

weather deemed dividend provision will apply??
if not then any other tax liability on company or Mr.A.???
Replies (1)
Deemed dividend on asset and liability by shareholder.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register