CA Day celebration 2024 Easy Office
LCI Learning

FBT on Lona to Employees

This query is : Resolved 

23 January 2009 If an employer paid a loan without interest then it attracts FBT to employer ????


what if employer gives a loan with interest at SBI rate?????

revert

Thanks in Advance

23 January 2009 Dear Amin,

As per the given facts,

1. Any loan provided by the employer to employee whether interest free or with interest, does not attract FBT. It will be taxable in the hands of the employee.

2. if the loan is given with interest at SBI rule, then amount of prequites taxable in the hands of employee will be nil.

amarpal@icai.org


23 January 2009 Budget is only about one month away from now.

Don't throw ideas !




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query