Interest Free Loan
This query is : Resolved
12 September 2010
Hi...
If employee is recd interest free loan from employer. will that be consider in perq for respective individual's taxable Income. or what else..?
Thanks
Prashant
If employee is recd interest free loan from employer. will that be consider in perq for respective individual's taxable Income. or what else..?
Thanks
Prashant
12 September 2010
Yes...Interest amount will be Treated as Perq. and taxed accordingly
12 September 2010
Yes. I suggest you check the following link for full details
http://www.simpletaxindia.org/2009/12/concessionalinterest-free-loan-employee.html
http://www.simpletaxindia.org/2009/12/concessionalinterest-free-loan-employee.html
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