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Interest free Loan
12-06-2011, 07:18 AM
Post: #1
Interest free Loan
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
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12-07-2011, 02:21 AM
Post: #2
 
Section 13(7)of the Income Tax Ordinance, 2001, read with sub-section 14 thereof, addresses this issue.
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