Deemed dividend u/s 2(22)(e) - the company took a loan against ...
Loan Against Keyman Insurance Considered Deemed Dividend u/s 2(22)(e), Taxable Up to Accumulated Profits.
August 16, 2018
Case Laws Income Tax AT
Deemed dividend u/s 2(22)(e) - the company took a loan against the Keyman Insurance Policy and this sum was advanced to the Appellant - deemed dividend is taxable only to the extent of accumulated profits of the company available at the beginning of the relevant financial year.
View Source