Deemed Dividend Taxation: Assessee's Share of Accumulated Profits Calculated u/s 2(22)(e) of Income Tax Act.

Deemed Dividend Taxation: Assessee's Share of Accumulated Profits Calculated u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=49126 Deemed dividend u/s 2(22)(e) - an advance or loan to to any concern in which such shareholder is a member or a partner and in which he has substantial interest - the proportionate amount of the ‘accumulated profits’ of the lender company worked out on a pro-rata basis of the 22.11% shareholding of the assessee - Additions confirmed - AT en-us Thu, 05 Sep 2019 07:47:51 +0530 Thu, 05 Sep 2019 07:47:51 +0530 TaxTMI RSS Generator Deemed Dividend Taxation: Assessee's Share of Accumulated Profits Calculated u/s 2(22)(e) of Income Tax Act. https://www.taxtmi.com/highlights?id=49126 Deemed dividend u/s 2(22)(e) - an advance or loan to to any concern in which such shareholder is a member or a partner and in which he has substantial interest - the proportionate amount of the ‘accumulated profits’ of the lender company worked out on a pro-rata basis of the 22.11% shareholding of the assessee - Additions confirmed - AT Highlights Income Tax Thu, 05 Sep 2019 07:47:51 +0530 https://www.taxtmi.com/highlights?id=49126