Company loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2011
can private ltd company lend loan to its employee and what rate if interest
22 November 2011
It can give loan at the rates specified by SBI on the first day of the year.
If loan granted at a lower rate then the same is taxable as perquisite.
If loan granted at a lower rate then the same is taxable as perquisite.
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