It is in nature of loan and hence not taxable
Loan anount cannot be taxed as Salary
However,we have studied in Perquisites that Interest free loan is taxable in certain cases
Theory
Last updated at Dec. 13, 2024 by Teachoo
It is in nature of loan and hence not taxable
Loan anount cannot be taxed as Salary
However,we have studied in Perquisites that Interest free loan is taxable in certain cases