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G. Parameshwar Rao (Accounts officer)     01 August 2021

Loan taken for Medical emergency

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


 4 Replies

Sourav

Sourav (Student)     01 August 2021

No as loan is taken from relative
Ankit Neema

Ankit Neema   01 August 2021

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,
Sourav

Sourav (Student)     01 August 2021

Yes it was a typo mistake
Ankit Neema

Ankit Neema   01 August 2021

But there are others answers also where you answered wrong

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