Mr. Mohsin is an employee of L& T Infra. The company provides an interest-free loan to Mr.

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Mr. Mohsin is an employee of L& T Infra. The company provides an interest-free loan to Mr. Mohsin for three years. The loan amount was Rs 75000 for medical treatment in respect of tuberculosis

Discuss with suitable reasons, the value of the benefit to the assesse resulting from the interest-free loan provided by the company to Mr. Mohsin.

The answer should be a min of 400 Words. Or else the university will not consider it.

Related Book For answer-question

Concepts in Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: Mar 22, 2020 12:01 PM

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The answer should be a min of 800 Words in the word format with plagiarism-free.
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Mr. Mohsin is an employee of L& T Infra. The company provides an interest-free loan to Mr.

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When Loan given by employer to employee at interest free rate or at concessional rate then it is treated as perquisite and chargeable to tax under Inc... View the full answer

Concepts in Federal Taxation

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