https://www.taxtmi.com/forum/issue?id=894 Applicability of the deeming provision for deemed dividend arises where a closely held company advances or lends money to a group company or a common shareholder with substantial interest. Loans or advances in the ordinary course of a genuine money lending business, where that is a substantial activity of the payer, are suggested not to attract the provision, while trade deposits or advances may be caught. Market purchases of securities from holders rather than direct subscriptions can avoid payment to the shareholder and may be used for structuring. en-us Mon, 08 Sep 2008 19:10:52 +0530 Thu, 23 Jan 2025 15:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=894 Applicability of the deeming provision for deemed dividend arises where a closely held company advances or lends money to a group company or a common shareholder with substantial interest. Loans or advances in the ordinary course of a genuine money lending business, where that is a substantial activity of the payer, are suggested not to attract the provision, while trade deposits or advances may be caught. Market purchases of securities from holders rather than direct subscriptions can avoid payment to the shareholder and may be used for structuring. Discussion-Forum Income Tax Mon, 08 Sep 2008 19:10:52 +0530 https://www.taxtmi.com/forum/issue?id=894