concessional interest loan

This query is : Resolved

Querist : Anonymous

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.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

25 November 2010
visit this link

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

Message likes : 1 times

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
Follow

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
https://www.simpletaxindia.org/2009/12/concessionalinterest-free-loan-employee.html

Message likes : 1 times

Querist : Anonymous

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?

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

office docs

Sasidhar B

ABHISHEK AGRAWAL

Akhila Ajayan

RATI MALU

Subscribe Now

concessional interest loan

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA