Increase from 12.5% to 13.5% in the specified interest rate used in calculating the taxable benefit from preferential loans, other than home loans. The specified rate used to calculate the taxable benefit from home loans is decreased from 5.0% to 4.0%. Specified interest rates are reviewed annually in the light of current interest rates available in the market.
Budget 2013 – BIK on preferential loans
By Dipak Guharay|December 6th, 2012|Uncategorized|Comments Off on Budget 2013 – BIK on preferential loans
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