The apex court of India has ruled that the money saved by through availing interest free or low-interest loans from their employer would be liable to income tax as it upheld the validity of Section 17(2)(viii) of Income Tax Act and 3(7)(i) of IT Rules This is setback to the employees of public sector banks. […]
The post Took Zero-Interest Loan To Save Money? Now Pay Income Tax On The Money Saved! appeared first on Trak.in - Indian Business of Tech, Mobile & Startups.
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