interest free loan from employer
This query is : Resolved
27 November 2009
Hi
Dear all can i get any rebate or benifit under any section if i take interest free loan from employer. if no tell me the treatment in return its includ in my gross salary/other income or any other field & its taxble give me calculation for that (loan amt 100000 dt. 10-4-09)
lot's of thanks
nilesh
nilesh_sagvekar@balaji.co.in
Dear all can i get any rebate or benifit under any section if i take interest free loan from employer. if no tell me the treatment in return its includ in my gross salary/other income or any other field & its taxble give me calculation for that (loan amt 100000 dt. 10-4-09)
lot's of thanks
nilesh
nilesh_sagvekar@balaji.co.in
Aditya Maheshwari
(Expert)
27 November 2009
Deemed interest will be taxable in your case
shakuntala chhangani
(Expert)
27 November 2009
Agreed. it will be taxed as perk
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