24 March 2009
hello everyone if a home loan is taken by the employee from its employer bank and int charged to employee is less than charged to any normal a customer of the bank. 1)rebate in int is to be treated as perk in the hand of employee.is it correct. 2)whether he can claim the deduction for int on loan. he has acquired home with the amt of loan but till date has not paid any installment for the same.amt of int is accruing in his loan account.. pl. suggest thanks in advance
CAclubindia
