An employess approches his emplyer for a loan of Rs. 3,00,000 for the higher education fo his son . The employer agrees to provide interest free loan
An employess approches his emplyer for a loan of Rs. 3,00,000 for the higher education fo his son . The employer agrees to provide interest free loan . What will be the treatment of interest in calculation of national income ?
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Interest on such will be included in the national income as it is a part of compensation of employees .
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