Tax treatment of interest free loan to director

This query is : Resolved 

28 April 2014 Can any one please tell me the tax treatment of interest free loan given to director. Its consequences in the hands of both the company and the director.


30 April 2014 First of tell me is your company closely held or widely held? Secondly is director holding any shares in the company ? If yes what is the %of its voting power?



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