TaxTMI 
TaxTMI 
Applicability of section 2(22)(e)
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....pplicability of section 2(22)(e)<br> Query (Issue) Started By: - Anup Kumar Grover Dated:- 8-9-2008 Last Reply Date:- 9-9-2008 Income Tax<br>Got 1 Reply<br>Income Tax<br>A closely held company pay loa....
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....n/advance to another group company common shareholder having substantial interest. Whether the payment of such advance/loan attract deemed dividend u/s 2(220(e)?. If advance against property/shares gi....
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....ven then, provisions of section 2(22)(e)be applicable or not?. Any tax planning or case law to come out of purview of 2(22)(e). Reply By DEV KUMAR KOTHARI: The Reply: Critically examine if clause app....
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....ly to the person/ company to whom loan is to be given Loan given in course of money lending business when money lending is sumstantial business, then the deeming provision shall not apply. even trad....
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....e deposit or advance may be covered. Investmetn in shares and securities of such shareholder company may not attract S. 2(22)(e). One can purchase from security holders (not by directly subscribing) ....
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....bonds/ debentures of shareholder company. In case of market purchase there will be no payment to shareholder. go on brain storming.<br> Discussion Forum - Knowledge Sharing ....