loan to employees
Ashish Singhal (audit executive) (29 Points)
25 February 2018
Whether loan given to employees becomes irrecoverable be allowed under income tax act
12 Replies
harshit kumar
(114 Points)
Replied 25 February 2018
it is taxable u/h salary even if loan is given at less rate of interest then too it is taxable u/h salary
Ashish Singhal
(audit executive)
(29 Points)
Replied 25 February 2018
What about from the company's point of view
Ashish Singhal
(audit executive)
(29 Points)
Replied 25 February 2018
What about from the company's point of view
Ashish Singhal
(audit executive)
(29 Points)
Replied 25 February 2018
What about from the company's point of view
Ashish Singhal
(audit executive)
(29 Points)
Replied 25 February 2018
What about from the company's point of view
sankalp sharma
(student)
(118 Points)
Replied 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
sankalp sharma
(student)
(118 Points)
Replied 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
sankalp sharma
(student)
(118 Points)
Replied 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
sankalp sharma
(student)
(118 Points)
Replied 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
sankalp sharma
(student)
(118 Points)
Replied 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
sankalp sharma
(student)
(118 Points)
Replied 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
harshit kumar
(114 Points)
Replied 26 February 2018
for company irrecoverable amount would be deducted from P&L A/c as a normal expense
also it isn't recoverable now... which now ensures that it was a part of salary which was given indirectly for tax saving purpose
also it isn't recoverable now... which now ensures that it was a part of salary which was given indirectly for tax saving purpose
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