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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Deemed dividend u/s 2(22)(e) - if the lending of money ...

Income Tax

June 16, 2015

Deemed dividend u/s 2(22)(e) - if the lending of money constitutes substantial part of business of the company, then the loan given by the company to its share holders cannot be considered to be deemed dividend under the provisions of section 2(22)(e) as the same fall under the exception mentioned in section 2(22)(e)(ii). - AT

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