Question

X is holding 29% stake in a Company in which public is
substantially interested. He took a loan of INR 25,00,000
from the said company and on the date of the grant of
the loan, the accumulated profits stood @ Rs. 20,00,000
The loan would not be considered as
in the hands of X
Business Income
Capital Gains
Sweat Equity
Deemed Dividend​

Answer 1

Answer:

Explanation:

Deemed divided

Answer 2

Answer:

The correct answer is sweat equity

Explanation:

Sweat equity shares are given to the company employees to appreciate them,if they did a outstanding contribution to the company.It mostly given as a reward in the form of a property.

#SPJ3