Whether Gift to Shareholder’s Son is Deemed Dividend? By Anand Gupta TaxGuru

Whether Gift to Shareholder’s Son is Deemed Dividend? Issue: Whether gift or amount paid by a closely held company to relative of shareholder will be treated as deemed dividend?  In this article we are going to analyse a situation in which a company has gifted Rs. 50,000/- to one of shareholders’s son and AO has consider the gift as deemed dividend.  PROBLEM: Mr. […]

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