+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Tax (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=8)
+--- Thread: Interest free Loan (/showthread.php?tid=10638)
Interest free Loan - umar_khi08@yahoo.com - 12-06-2011
Dear All
Can Any explain the following??
If a company provide an interest free loan to its employee who is newly appointed as manager so what is the treatment for this finance cost while computing his taxable salary???
regards,
Umar
- student_of_law - 12-07-2011
Section 13(7)of the Income Tax Ordinance, 2001, read with sub-section 14 thereof, addresses this issue.