https://www.taxtmi.com/article/detailed?id=109 Deemed distributions to substantial shareholders by way of loans or advances are treated as deemed dividend under clause (e) of section 2(22) and are taxable in the hands of the shareholder. Chapter XIID expressly excludes clause (e) from its definition of dividends, so companies making such payments are not liable for the chapter's additional tax on distributed profits, while the recipient shareholder remains potentially taxable unless an express exemption applies. en-us Mon, 30 Jun 2008 00:00:00 +0530 Fri, 06 Mar 2009 18:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=109 Deemed distributions to substantial shareholders by way of loans or advances are treated as deemed dividend under clause (e) of section 2(22) and are taxable in the hands of the shareholder. Chapter XIID expressly excludes clause (e) from its definition of dividends, so companies making such payments are not liable for the chapter's additional tax on distributed profits, while the recipient shareholder remains potentially taxable unless an express exemption applies. Articles Income Tax Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=109