Interest free loan to employee by employer

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2016 Dear Experts.
Pls clarify weather interest free loan given to employee is exempt upto 20000/- if so under which section,

Thanks & Regards
Mohit Khanna

16 November 2016 Please see 1st proviso to rule 3 (7) (i) of IT Rules,1962.


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