Interest free loan to employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2016
Dear Experts,
Company has provide interest free loan Rs. 1 lakh to employee. Please let me know the taxability of this said loan in the hand employee, how much SBI interest will be consider....plz explain with an example if possible...
Regard
Aman jha
Company has provide interest free loan Rs. 1 lakh to employee. Please let me know the taxability of this said loan in the hand employee, how much SBI interest will be consider....plz explain with an example if possible...
Regard
Aman jha
CMA Ramesh Krishnan
(Expert)
08 April 2016
It depends on the loan purpose. like housing, education or other personal loan accordingly same nature loan interest rate by RBI need to be treated as perquisite
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
