H K Davra & Co. Deemed Dividend under Section 2(22)(e): When a Loan from a Company Becomes Taxable Income In a closely held company, funds often move between the company and its promoters as a matter of convenience: an advance to a director to buy a house, a loan to a sister firm, or a payment of a shareh... Closely Held Companies Deemed Dividend Income Tax 24-Feb-2026 Income Tax