Education Loan To Employees

Ours is a Pvt Ltc Co.,

Can we claim Education Loan given to employees as Business Exp or

can we shown as Donation to Employees for education purpose

pls with any case laws

Replies (1)

Mr. Purushotham Naidu

You are speaking of loans given to your employees for pursuing education.  Loan means which is repayable.  How can you claim the laon as an expenditure.  Loan given to your employees as explained by you is a current asset.

Best Wishes

Sathikonda

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