Section 2(22)(e) of the Income Tax Act, which deems certain payments as dividend, is applicable to the shareholders of:

CS Executive · Tax Laws · PYQS · December 2023
Section 2(22)(e) of the Income Tax Act, which deems certain payments as dividend, is applicable to the shareholders of:
(A) A closely-held Company
(B) A private Company
(C) A widely held Company
(D) A Nidhi Company

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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