Question ID : 1818
Perquisite of Interest on Advance provided to Employee
As per rule 3 of come tax Act the ter on advance provided to employee is calcuted as per rates prescribed by State Bank of dia as on 1st day of the revant previos year. Can anybody tell me asto what are the rates of ter for followg loans,advances as on 01-04-2005:
Housg loan,
Vehicle Loan,
Marriage Loan,
Personal Loan,
Medical Loan.
Thanks
CA Tik Mocha
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