housing loan to executive director
This query is : Resolved
Raghupathy M
(Querist)
14 September 2009
Sir
whether hosing loan is eligible for executive Director under section 295 of the C A 1956
pl clarify
whether hosing loan is eligible for executive Director under section 295 of the C A 1956
pl clarify
Ankur Garg
(Expert)
14 September 2009
Hi,
Hi,
There is a deptt clarification to this query.
Housing loan u/s 295 is not applicable to a Housing loan given to dir if following conditions are fulfilled:
1. dir to whom Housing loan is given is MD/WTD.
2. company is having Housing loan scheme for all its employee and officers.
3. Housing loan is given to MD/WTD as per the scheme above.
If above conditions are fulfilled then section 295 is not applicable.
Regards
Hi,
There is a deptt clarification to this query.
Housing loan u/s 295 is not applicable to a Housing loan given to dir if following conditions are fulfilled:
1. dir to whom Housing loan is given is MD/WTD.
2. company is having Housing loan scheme for all its employee and officers.
3. Housing loan is given to MD/WTD as per the scheme above.
If above conditions are fulfilled then section 295 is not applicable.
Regards
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