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Income Tax - Highlights / Catch Notes

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Deletion of perquisite u/s 2(24)(vi) - interest free loan to ...


Interest-Free Loan to Director Not Added as Income Due to Sufficient Company Funds u/s 2(24)(vi.

June 12, 2014

Case Laws     Income Tax     AT

Deletion of perquisite u/s 2(24)(vi) - interest free loan to director - interest free money in the form of entrance fee and membership fee available with the company was more than the advance received by the assessee from the said company - No addition - AT

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