https://www.taxtmi.com/highlights?id=17697 Advances given by a company to its shareholders should be treated as payment out of accumulated profits of the company, whether capitalised or not, and must be treated as dividend and would go to reduce the tax liability - HC en-us Thu, 13 Mar 2014 08:02:36 +0530 Thu, 13 Mar 2014 08:02:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=17697 Advances given by a company to its shareholders should be treated as payment out of accumulated profits of the company, whether capitalised or not, and must be treated as dividend and would go to reduce the tax liability - HC Highlights Income Tax Thu, 13 Mar 2014 08:02:36 +0530 https://www.taxtmi.com/highlights?id=17697