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BreakingMadras High Court: Tax Reassessment Without Proper Notice Invalid From Start1/6
Topicin Taxation

Concessional Loans

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Madras HC Upholds SBI Rate for Employee Loan Perquisite Tax
Taxation

Madras HC Upholds SBI Rate for Employee Loan Perquisite Tax

The Madras High Court has dismissed a challenge by the Catholic Syrian Bank Forum, reaffirming that the State Bank of India's (SBI) lending rate will continue to be the benchmark for valuing concessional loans provided by employers to employees. This ruling ensures the current method of calculating tax on such employee perquisites remains in effect, impacting many salaried individuals across India.

40m ago·2 min readListen
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