Interest free loan to employee by employer
This query is : Resolved
Querist : Anonymous
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
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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