concessional interest loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2010 please tell me what is the sbi rate for tax calculation on concessional int loan.

Presently my company giving HL loan @ 2% per annum.



25 November 2010
visit this link

http://www.statebankofindia.com/user.htm

25 November 2010 The valuation will be done the basis of interest charged by State Bank of India on first day of relevant previous year .So for the Financial year 2009-10 the rate of SBI as on 01/04/2009 will be applicable.



for rate
visit
http://www.simpletaxindia.org/2009/12/concessionalinterest-free-loan-employee.html

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2010 pls advice if there is any change in SBI rate due to applicability of SBI base rate in place of PLR?

16 December 2010 rate as on 01.04 is relevant for deciding perquisite valuation.


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