Ca anybody provide me deemed dividend tax for last 3 years???
RAJU
(LEARNER)
(1089 Points)
Replied 22 March 2012
Deemed dividend will be added to the regular income of the assessee and tax will be computed as per the slab rate..
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 22 March 2012
Hi,
Deemed dividends are taxable under the head "Income from Other Sources" and to be taxed as per slab rates for individuals and HUF.
Regards
Prateek
CAclubindia
