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

Dear Sir,

Our company is a limited company but but not listed and has advanced loan to other group companies for 6.29 crores in which there are common directors and also they hold beneficial shares of more then 10%. 

The company which has advanced loan has accumulated profit upto  33.25 lacs upto 31/03/2012 and current year 2012-13 there is a loss for 35 lacs. 

There is confusion regarding the amount of Deemed dividend taxable (to the extent of accumulated profits) as to what will be the amount of Deemed dividend u/s 2(22) (e)

regards

Mahesh Jain