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Mr. A holds 25% of the equity shares in LMN Ltd., a listed company. He has borrowed a sum of Rs. 10 lakhs from this company on 21.03.2018. As on this date, the accumulated profits and free reserves are Rs. 8 lakhs. The deemed dividend taxable u/s 2(22) (e) of the Income Tax Act, 1961 is ____ (8,00,000 / 10,00,000 / Nil)

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1. Mr. A holds 25% of the equity shares in LMN Ltd., a listed company. He has borrowed a sum of Rs. 10 lakhs from this company on 21.03.2018. As on this date, the accumulated profits and free reserves are Rs. 8 lakhs. The deemed dividend taxable u/s 2(22) (e) of the Income Tax Act, 1961 is ____ (8,00,000 / 10,00,000 / Nil)





 
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