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Jayesh Dadia
Chartered Accountant

I am presently working with an MNC. On my application, the employer has provided an interest-free loan to me. Is there any tax implication?

It is a very common practice, particularly by MNCs and big companies, to provide interest-free loans or concessional loans to employees or other members of their household.  

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Adani Total Gas & Torrent Gas buy 5 per cent stake each in Indian Energy Exchange

Apurva Joshi / Article rating: 3.0

The Indian Energy Exchange (IEX) has informed the bourses about its first strategic divestment of shares in the Indian Gas Exchange (IGX), its wholly owned subsidiary. Adani Total Gas Ltd and Torrent Gas Pvt. Ltd, India’s two leading energy players with stakes in both upstream and downstream hydrocarbon value chain, have acquired 5 per cent equity stake each in the IGX.

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