direct taxes
This query is : Resolved
21 July 2008
there is an exemption of perquisite of interest free loan given to an employee if loan amount is less than RS.20,000
this amount of 20,000 is to be applied individually /in aggregate of all loans given to an smployee
EX:the followin loan is given to an employee mr.x........edu.loan-15000,house loan-15000
what is the perquisite in this case.is the exemption available as individual loan given is less than 20,000.
this amount of 20,000 is to be applied individually /in aggregate of all loans given to an smployee
EX:the followin loan is given to an employee mr.x........edu.loan-15000,house loan-15000
what is the perquisite in this case.is the exemption available as individual loan given is less than 20,000.
21 July 2008
The same will be a chargeable perquiste from the date the loans in aggregate exceed Rs. 20,000/-
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