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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Advances given by a company to its shareholders should be ...


Company Advances to Shareholders Deemed Dividends; Impact on Tax Liabilities Explained.

March 13, 2014

Case Laws     Income Tax     HC

Advances given by a company to its shareholders should be treated as payment out of accumulated profits of the company, whether capitalised or not, and must be treated as dividend and would go to reduce the tax liability - HC

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