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Section 2(22)(e) is taxable in hands of shareholders or company!!


Qwerty Asd

Qwerty Asd

CA Foundation

540

26-May-20 08:44

37

Answers (9)

Shareholder (holding more than 10%) be paid.


KEERTHI PRIYA

KEERTHI PRIYA

Moderator

26-May-20 09:58

Rate of tax!!!!


Qwerty Asd

Qwerty Asd

CA Foundation

540

28-May-20 07:58

Qwerty Asd

Rate of tax!!!!

Small rectification: 2(22)e company has to pay DDT under 115-0 @ 30%+12%(Sur)+4%(cess)=34-94% Shareholder under section 115BBDA @ 10lakhs if Dividend income exceeds Rs.10lakhs.


KEERTHI PRIYA

KEERTHI PRIYA

Moderator

28-May-20 09:00

Qwerty Asd

Rate of tax!!!!

Small rectification: 2(22)e company has to pay DDT under 115-0 @ 30%+12%(Sur)+4%(cess)=34-94% Shareholder under section 115BBDA @ 10% if Dividend income exceeds Rs.10lakhs.


KEERTHI PRIYA

KEERTHI PRIYA

Moderator

28-May-20 09:01

As per exception, point no 2 how it could be adjustable.. the doubt is tat when it's deemed dividend rate of tax is 30% but normal dividend DDT is 15%


Qwerty Asd

Qwerty Asd

CA Foundation

540

28-May-20 09:26

the provision says that if loan is treated as deemed dividend and on subsequently when company declare dividend it could be adjusted against deemed dividend.the doubt is tat when it's deemed dividend rate of tax is 30% but normal dividend DDT is 15% how the company could adjust???


Qwerty Asd

Qwerty Asd

CA Foundation

540

28-May-20 09:35

Qwerty Asd

the provision says that if loan is treated as deemed dividend and on subsequently when company declare dividend it could be adjusted against deemed dividend.the doubt is tat when it's deemed dividend rate of tax is 30% but normal dividend DDT is 15% how the company could adjust???

Provisions is clear it says that once dividend is taxed by treating deemed dividend subsequent declaration of dividend was not liable for tax again.Adjustment referred was related to Deemed which earlier taken and already suffered tax.please refer vedio for clarification.


KEERTHI PRIYA

KEERTHI PRIYA

Moderator

28-May-20 10:35

Tqqq


Qwerty Asd

Qwerty Asd

CA Foundation

540

28-May-20 11:47

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