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Interest on free loan and medical expenses

Direct Taxation

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

SHAIK KARISHMA

CMA Inter

★ 2K+

28-Mar-21 21:32

347

Answers (1)

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

CA Suraj Lakhotia

Admin

29-Mar-21 15:34

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