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loan to employees

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audit executive
29 Points Posted on 25 February 2018
Whether loan given to employees becomes irrecoverable be allowed under income tax act
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On 25 February 2018 at 22:15 Report
Replies (12)
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114 Points Posted on 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
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On 25 February 2018 at 22:22
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audit executive
29 Points Posted on 25 February 2018
What about from the company's point of view
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On 25 February 2018 at 23:02
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audit executive
29 Points Posted on 25 February 2018
What about from the company's point of view
1 Reply
On 25 February 2018 at 23:02
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audit executive
29 Points Posted on 25 February 2018
What about from the company's point of view
1 Reply
On 25 February 2018 at 23:02
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audit executive
29 Points Posted on 25 February 2018
What about from the company's point of view
1 Reply
On 25 February 2018 at 23:02
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student
118 Points Posted on 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
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On 25 February 2018 at 23:06
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student
118 Points Posted on 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
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On 25 February 2018 at 23:06
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student
118 Points Posted on 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
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On 25 February 2018 at 23:06
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student
118 Points Posted on 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
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On 25 February 2018 at 23:06
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student
118 Points Posted on 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
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On 25 February 2018 at 23:07
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student
118 Points Posted on 25 February 2018
I think it would be deemed Income u/s 41 since it is non recoverable credit
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On 25 February 2018 at 23:11
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114 Points Posted on 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
2 Reply
On 26 February 2018 at 00:00


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