Get News Alerts from Taxmann.com on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session
 
Skip Navigation Links
Dr. Vinok K. Singhania on the Income-tax Act, 1961
  • Borrowing from subsidiary Company considered as Deemed Dividend

    by Rahul on Wednesday, August 24, 2016 at 04:55 PM

    Company A and Company B are wholly owned subsidiaries of Company C. Company A & Company B both are Indian Companies. Company C is registered out of India, though it has PAN in India. Company A has surplus cash available whereas Company B is short of fund for working capital. Company B proposes to borrow fund from Company A for its working capital needs. Ques: If Co. A lends money to Co. B, whether it would tantamount to "deemed dividend" u/s 2 (22)(e).

    Replied by

 
taxmann.com
Payment
Best view in 1140 x 768