Loan to employee to buy home
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2011
Dear Sir,
A pvt ltd company wants to pay loan to its employees for buying Home.What are the Tax Rules in this Regard.
A pvt ltd company wants to pay loan to its employees for buying Home.What are the Tax Rules in this Regard.
23 August 2011
this is perquisite as per Income tax, please refer perquisite valuation rules. in case you are giving interest free, then SBI interest rate will be taxable perquisite, or if you charge interest then you need to take difference of interest amount as taxable perquisite
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