Hi,
I seek clarification on Employee Loan provided by Company as whether Company levy Interest on that or not? . As I believe Company cannot claim interest on the Loan provided to its employees. Because it is not a Banking institution to claim interest.
Please suggest with any notification or case laws etc.,
Regards,
PRASHANTH
Bangalore.
From United States, Atlanta
I seek clarification on Employee Loan provided by Company as whether Company levy Interest on that or not? . As I believe Company cannot claim interest on the Loan provided to its employees. Because it is not a Banking institution to claim interest.
Please suggest with any notification or case laws etc.,
Regards,
PRASHANTH
Bangalore.
From United States, Atlanta
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