Hi all,
Need some advice, as well as , direction to find documents pertaining to the following:
Fringe benefit tax on a loan for purposes of the payment by the employee of any consideration in respect of any qualifying equity share.
Is the loan was granted to a director for the sole purpose of acquiring shares in the company, is this taxable as a frindge benefit? Any other taxes or laws that apply to this?
Thanks, much appreciated...
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