Deemed dividend u/s 2(22)(e)

Deemed Dividend is used only for the purpose of Income tax Act,1961. No accounting entry will be passed for the same.

Anjali is right, there is no concept of deemed dividend under companies act.

Moreover the some deemed dividends under income tax act is not classifed as dividend under compaines act.

But The principal officer of an ‘Indian Company or a foreign Company which has made
arrangement for payment of dividends in India’ is liable to deduct income tax u/s 194 at the
rate in force, before making any payment of any sum deemed to be dividend u/s 2(22)(e) of
the I. T. Act, 1961.
 

How TDS will appear in the books ?