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Section 2(22)(e) is taxable in hands of shareholders or company!!
Answers (9)
Thread Starter
Qwerty AsdRate 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.
Thread Starter
Qwerty AsdRate 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.
Thread Starter
Qwerty AsdAs 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%
Didn't get you please be more clear about your doubt.
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???
Thread Starter
Qwerty Asdthe 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.
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