Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
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What the provisions <strong>of</strong> sec. 2(22)(e) exempts<br />
• Any advance or loan made by a company to a shareholder or a<br />
concern <strong>in</strong> which the shareholder has a substantial <strong>in</strong>terest would<br />
not be regarded as a dividend if the two conditions are satisfied,<br />
namely<br />
(i) that the loan or advance was made by the (lend<strong>in</strong>g) company<br />
<strong>in</strong> the ord<strong>in</strong>ary course <strong>of</strong> its bus<strong>in</strong>ess and<br />
(ii) lend<strong>in</strong>g <strong>of</strong> money was a substantial part <strong>of</strong> the bus<strong>in</strong>ess <strong>of</strong><br />
the (lend<strong>in</strong>g) company.<br />
August, 2011<br />
CA Sanjeev Lalan, S<strong>in</strong>grodia Goyal & Co.<br />
Presentation at JB Nagar CPE Study Circle<br />
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