Tds on salary

This query is : Resolved 

05 December 2014 I WOULD LIKE TO KNOW WHETHER THERE IS TDS LIABILITY ON INTEREST FREE LOAN GIVEN TO EMPLOYEE

06 December 2014 Interest free loan is a perquisite in the hands of the employee. Accordingly the perquisite value of such interest free loan is taxable in the hands of the employee.

Since the perquisite value of the interest free loan is taxable in the hands of the employee, TDS is required to be deducted on such perquisite value.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries