Advances for personal guarantees may be taxed as deemed dividends u/s 2(22)(e) if conditions are met.

Advances for personal guarantees may be taxed as deemed dividends u/s 2(22)(e) if conditions are met. https://www.taxtmi.com/highlights?id=28686 Deemed dividend u/s 2(22)(e) - advances being compensation for personal guarantees - as long as it is in nature of loans or advances, and other pre-conditions for applicability of Section 2(22)(e) are satisfied, such loans and advances are required to be taxed as deemed dividend. - AT en-us Tue, 19 Apr 2016 17:06:29 +0530 Tue, 19 Apr 2016 17:06:29 +0530 TaxTMI RSS Generator Advances for personal guarantees may be taxed as deemed dividends u/s 2(22)(e) if conditions are met. https://www.taxtmi.com/highlights?id=28686 Deemed dividend u/s 2(22)(e) - advances being compensation for personal guarantees - as long as it is in nature of loans or advances, and other pre-conditions for applicability of Section 2(22)(e) are satisfied, such loans and advances are required to be taxed as deemed dividend. - AT Highlights Income Tax Tue, 19 Apr 2016 17:06:29 +0530 https://www.taxtmi.com/highlights?id=28686