Tax treatment of interest free loan to director
This query is : Resolved
Dasari Vamsi
(Querist)
28 April 2014
Can any one please tell me the tax treatment of interest free loan given to director. Its consequences in the hands of both the company and the director.
Prankur Gupta
(Expert)
30 April 2014
First of tell me is your company closely held or widely held? Secondly is director holding any shares in the company ? If yes what is the %of its voting power?
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