Regarding deemed dividend

Tax planning 1198 views 2 replies

Hi friends,

                This is S.V.Gupta from blore. There is one question regading Sec.2(22)(e).Whether loan/advance given by subsiadary to holding company comes under deemed dividend as per that sec or not. I want for these two situations:

1. wholly owned subsiadary

2. subsuidary(more than 51% holding)

i expect the result soon. thank u

 

 

 

 

Replies (2)
In my opinion for wholly owned subsidary strictly looking towards section Sec.2 (22)(e) will be applicable. Regarding 51% also it will be applicable
In my opinion it will be 100 % applicable by strictly reading the section


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