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Income Tax - Highlights / Catch Notes

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Deemed dividend u/s 2(22)(e) – Loans and advances received - if ...


Loans to Shareholders as Deemed Dividends Under Income Tax Act Section 2(22)(e) if Money Lending is Substantial Business.

October 29, 2014

Case Laws     Income Tax     AT

Deemed dividend u/s 2(22)(e) – Loans and advances received - if 20% of the capital of the company is deployed in money lending business of the company, the company shall be held to have a substantial part of business in money lending. - AT

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