Dear Gurus,
if employee getting loan from company around 50000/- can be taxable or not.
wheather employer have to deduct the income tax while giving the company loan or not
with regards
partha
Menu
Company Loan -Taxable
Replies (4)
No , there is no need to deduct TDS But there can be FBT if company charge you very less interest on the same.
For example
If the Compay get a loan near about 12% Interest Rate & the company Provide Loan to Employees @ 9% can the company is liable for FBT
Hi
if the employer is giving the loan without interest then
no tds
Recent Topic
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
Related Topics
CAclubindia
