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Income Tax - Highlights / Catch Notes

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Deemed dividend u/s 2(22)(e) - load & advanced to the ...


Loans as Share Application Money Can Be Taxed as Deemed Dividend u/s 2(22)(e), Taxable to Shareholders.

May 30, 2017

Case Laws     Income Tax     AT

Deemed dividend u/s 2(22)(e) - load & advanced to the shareholders in the guise of share application money to the another concern / company - the dividend income is taxable in the hands of shareholders and not in the hands of the concern. - AT

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