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What is deemed dividend

santosh (article) (77 Points)

04 June 2007

what is deemed dividend any reference if possible please

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Vks (28 Points)
Replied 04 June 2007

if private company gives any advances (in the nature of loan) to directors or his relatives or any concern in which diretors or his relatives have interest, such advances is deemed to be income in the hand of receipient eventhough such advances are repaid

shipra walia (n/a) (206 Points)
Replied 06 June 2007

read sec 2(22)(e) of the Income tax Act.

santosh (article) (77 Points)
Replied 06 June 2007

thanks

santosh (article) (77 Points)
Replied 06 June 2007

thanks

(Guest)

I think not only private companies all companies other than widely held companies will be covered under this provision.

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