Business Taxation MCQ: If loan granted by employer to employee does not exceed …………., it is not treated as perquisite to employee for purpose of income tax.

If loan granted by employer to employee does not exceed …………., it is not treated as perquisite to employee for purpose of income tax.

Correct Answer: 40,000

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Business Taxation MCQ: If loan granted by employer to employee does not exceed …………., it is not treated as perquisite to employee for purpose of income tax. | Extra Education