Advance on Commission Considered Deemed Dividend, Subject to Tax for Employee with Salary and Profit Commission.

Advance on Commission Considered Deemed Dividend, Subject to Tax for Employee with Salary and Profit Commission. https://www.taxtmi.com/highlights?id=3024 Deemed dividend - assessee (employee) entitled to both salary and commission of profits - the advance of commission on profits over and above that amount drawn during the course of the year before the profits was determined and accrued to the petitioner, would be treated as deemed dividend subject to tax. - HC en-us Fri, 24 Feb 2012 21:55:14 +0530 Fri, 24 Feb 2012 21:55:14 +0530 TaxTMI RSS Generator Advance on Commission Considered Deemed Dividend, Subject to Tax for Employee with Salary and Profit Commission. https://www.taxtmi.com/highlights?id=3024 Deemed dividend - assessee (employee) entitled to both salary and commission of profits - the advance of commission on profits over and above that amount drawn during the course of the year before the profits was determined and accrued to the petitioner, would be treated as deemed dividend subject to tax. - HC Highlights Income Tax Fri, 24 Feb 2012 21:55:14 +0530 https://www.taxtmi.com/highlights?id=3024