Deemed Dividend tax
Ajinkya Deodhar (1 Points)
05 April 2020Ajinkya Deodhar (1 Points)
05 April 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 05 April 2020
Deemed Dividend u/s 2(22)(a) / (b) / (c) / (d) = taxable in the hands of shareholders subject to Sec. 115 BBDA (limit or Rs. 10,00,000)
However , Deemed Dividend u/s 2(22)(e) = exempt in the hands of shareholders
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 05 April 2020
Deemed Dividend u/s 2(22)(a) / (b) / (c) / (d) = Company pays DDT u/s 115 O (with Gross - Up)
However , Deemed Dividend u/s 2(22)(e) = Company pays DDT @ 30 % (without Gross - Up)
Mandakulathur Ananthanarayanan
(186 Points)
Replied 07 April 2020