Dear sir,
I have a query that one of the employee has taken loan of Rs.100,000/- on medical emergency for his sister for Covid treatment.
Do we need to calculate perquisite on the loan paid to the employee.
Please elaborate on this topic.
Thanks and Regards
Parameshwar
Menu
Loan taken for Medical emergency
Replies (5)
No as loan is taken from relative
I think the same is taxable as perquisites,
Mr. Sourav You again not read the question properly, loan is not taken from relative , loan is taken from employer,
Mr. Sourav You again not read the question properly, loan is not taken from relative , loan is taken from employer,
Yes it was a typo mistake
But there are others answers also where you answered wrong
For a medical emergency, securing a loan swiftly is crucial. Kotak Mahindra Bank offers Personal Loans designed to meet urgent medical needs with minimal documentation and quick disbursal. The bank provides flexible repayment options and competitive interest rates, ensuring you can focus on recovery without financial stress. To apply, you can visit the Kotak Mahindra Bank website, submit necessary documents, and get approval in as little as 24 hours. This rapid process helps you cover medical expenses promptly, providing peace of mind during critical times.
Recent Threads
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
Related Threads
CAclubindia
