{"id":41321,"date":"2020-12-03T15:48:57","date_gmt":"2020-12-03T10:18:57","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=41321"},"modified":"2020-12-03T15:48:58","modified_gmt":"2020-12-03T10:18:58","slug":"deemed-dividend-to-be-assessed-in-the-hands-of-shareholder-instead-of-firm","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/whitepapers\/deemed-dividend-to-be-assessed-in-the-hands-of-shareholder-instead-of-firm\/","title":{"rendered":"Deemed dividend to be assessed in the hands of shareholder instead of firm: Madras HC"},"content":{"rendered":"<p>The Madras High Court in a recent suit has ruled that the deemed dividend u\/s 2(22) (e) of the Income Tax Act 1961, has to be assessed <strong>in the hands of the <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Shareholder&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A shareholder is an individual or entity that owns at least one share of a company&amp;#039;s stock, granting them partial ownership of the company. This status allows them certain rights, including(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/shareholder\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>shareholder<\/a><\/strong> rather than assessing it in the hands of the business firm. <\/p>\n\n\n\n<p>In the Case &ndash; &ldquo;Commissioner of Income Tax Vs. M\/s T. Abdul Wahid &amp; Co.&rdquo;, the Madras High Court has concluded that the Section 2(22) (e) of the <strong>Income Tax<\/strong> Act 1961, would be applicable in case a payment is done by a company, where the public is not substantially interested by means of advances or loan to a shareholder who is the beneficial owner of his shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Madras High Court in a recent suit has ruled that the deemed dividend u\/s 2(22) (e) of the Income Tax Act 1961, has to be assessed in the hands of the <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Shareholder&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A shareholder is an individual or entity that owns at least one share of a company&amp;#039;s stock, granting them partial ownership of the company. This status allows them certain rights, including(...)&lt;\/div&gt;\" href=\"https:\/\/enterslice.com\/learning\/terms\/shareholder\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>shareholder<\/a> rather than assessing it in the hands of the business firm. In the Case &ndash; &ldquo;Commissioner of Income Tax Vs. M\/s T. [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":41326,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dividend to be assessed in the hands of shareholder instead of firm<\/title>\n<meta name=\"description\" content=\"Deemed dividend u\/s 2(22) (e) of the Income Tax Act 1961, has to be assessed in the hands of the shareholder rather than assessing.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/whitepapers\/deemed-dividend-to-be-assessed-in-the-hands-of-shareholder-instead-of-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dividend to be assessed in the hands of shareholder instead of firm\" \/>\n<meta property=\"og:description\" content=\"Deemed dividend u\/s 2(22) (e) of the Income Tax Act 1961, has to be assessed in the hands of the shareholder rather than assessing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/whitepapers\/deemed-dividend-to-be-assessed-in-the-hands-of-shareholder-instead-of-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-03T10:18:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2020\/12\/Deemed-dividend-to-be-assessed-in-the-hands-of-shareholder-instead-of-firm-Madras-HC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/41321"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=41321"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/41321\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/15144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/41326"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=41321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}