Deemed Dividend: Shareholding of the Borrowers & Credentials Matters

0
752
Print Friendly, PDF & Email

The loan can not be income in any case . However , law is blind and for certain reasons, Income Tax Act has provisions under which a loan or deposit by a private company can be taxed in hand of recipient as deemed dividend.  A question on the same topic was asked  on a Yahoo Group which was answered…

This content is for annual and Semi Annual members only.
Log In Register