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Income Tax - Highlights / Catch Notes

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Deemed dividend u/s 2(22)(e) - advances being compensation for ...

Income Tax

April 19, 2016

Deemed dividend u/s 2(22)(e) - advances being compensation for personal guarantees - as long as it is in nature of loans or advances, and other pre-conditions for applicability of Section 2(22)(e) are satisfied, such loans and advances are required to be taxed as deemed dividend. - AT

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