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Interest on free loan and medical expenses

Employer given loan to employee for interest free loan ,why in the video employer provided 6% p.am on interest?


SHAIK KARISHMA

SHAIK KARISHMA

CA Foundation

440

28-Mar-21 21:32

31

Answers (1)

If loan is given without interest, it would be treated as perquisite (interest portion)


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Mar-21 15:34

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