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loan to employees
Whether loan given to employees becomes irrecoverable be allowed under income tax act
Replies (12)
it is taxable u/h salary even if loan is given at less rate of interest then too it is taxable u/h salary
What about from the company's point of view
What about from the company's point of view
What about from the company's point of view
What about from the company's point of view
I think it would be deemed Income u/s 41 since it is non recoverable credit
I think it would be deemed Income u/s 41 since it is non recoverable credit
I think it would be deemed Income u/s 41 since it is non recoverable credit
I think it would be deemed Income u/s 41 since it is non recoverable credit
I think it would be deemed Income u/s 41 since it is non recoverable credit
I think it would be deemed Income u/s 41 since it is non recoverable credit
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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