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Deemed Dividend
When any payment is made in the form of loan or advance to a shareholder by a closely held company (private company), outside the ordinary course of business and the company is not involved in money lending business, then such payment is treated as deemed dividend. Deemed dividend are exempt from tax in the hands of receipent.
Glossary
Very much user friendly! Overall good and easy process..
Deepak
Aricent, Gurgaon
Aricent, Gurgaon
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