Interest free loan to employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2016
Dear Experts
Pls clarify weather interest free loan to employee is exempt upto 20000/- or not
Regds
Sohal
Pls clarify weather interest free loan to employee is exempt upto 20000/- or not
Regds
Sohal
25 November 2016
No such exemption.
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2017
sir i have read the article pertain to interest free loan to employee wherein it is written that the loan upto 20000 in aggregate is exempt as per rule 3(7)(i) of income tax rule
please clarify the same in details
please clarify the same in details
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