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Interest free loan

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(Querist)
03 May 2012 What is the tax implication when an eployeor give his employee a interest free laon for more than 50,000.00
If it taxable than in which section it ts taxable
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
03 May 2012 IT IS NOT TAXABLE IT IS A LOAN NOT AN INCOME.

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