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/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- Error in uploading Form 10BD
- NRI INSURANCE ADVISOR
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Sale of Mutual Funds In Diffirent Financial Years
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
