Advance Serving Business Purpose Excluded from Deemed Dividends u/s 2(22)(e) of Income Tax Act.

Advance Serving Business Purpose Excluded from Deemed Dividends u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=39026 Deemed dividend u/s 2(22)(e) - By granting advance, if the business purpose of the company is served and which is not the sum, which it otherwise would have distributed as dividend, cannot be brought within the deeming provision of treating such advance as deemed dividend. - AT en-us Mon, 23 Apr 2018 07:07:22 +0530 Mon, 23 Apr 2018 07:07:22 +0530 TaxTMI RSS Generator Advance Serving Business Purpose Excluded from Deemed Dividends u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=39026 Deemed dividend u/s 2(22)(e) - By granting advance, if the business purpose of the company is served and which is not the sum, which it otherwise would have distributed as dividend, cannot be brought within the deeming provision of treating such advance as deemed dividend. - AT Highlights Income Tax Mon, 23 Apr 2018 07:07:22 +0530 https://www.taxtmi.com/highlights?id=39026