X received deemed dividend to the tune of ₹ 12,00,000 u/s 2(22)(e). The amount of tax payable by Mr. X for the P.Y. 2020-21
A. 2,00,000 @ 10% = ₹ 20,000 u/s 115BBDA
B. 12,00,000 will be added as IFOS
C. Nil
D. None of this
Answer:B
X received deemed dividend to the tune of ₹ 12,00,000 u/s 2(22)(e). The amount of tax payable by Mr. X for the P.Y. 2020-21
A. 2,00,000 @ 10% = ₹ 20,000 u/s 115BBDA B. 12,00,000 will be added as IFOS C. Nil D. None of this