Home loan to Non employee
This query is : Resolved
05 December 2008
Dear Member
Please tell me that company given interest free loan to a person which is working in a company as an retainership then what is income tax implimentation for both Company and retainer staff
With regard
Rajesh
Please tell me that company given interest free loan to a person which is working in a company as an retainership then what is income tax implimentation for both Company and retainer staff
With regard
Rajesh
05 December 2008
Dear Rajesh,
Technically speaking interest free loans cannot be given until and unless there exist a pre-condition.
If the department is not satisfied, it may add the interest (calculated at prevailing rate) to the total income.
Rgds/
Vineet
Technically speaking interest free loans cannot be given until and unless there exist a pre-condition.
If the department is not satisfied, it may add the interest (calculated at prevailing rate) to the total income.
Rgds/
Vineet
05 December 2008
Dear Rajesh,
Technically speaking interest free loans cannot be given until and unless there exist a pre-condition.
If the department is not satisfied, it may add the interest (calculated at prevailing rate) to the total income.
Rgds/
Vineet
Technically speaking interest free loans cannot be given until and unless there exist a pre-condition.
If the department is not satisfied, it may add the interest (calculated at prevailing rate) to the total income.
Rgds/
Vineet
Message likes :
1 times
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
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
