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Diff between salary advance & advance against salary (Income Tax)

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This query is : Resolved


( Author )
11 October 2010

Is the "Advance against salary" is diff from "salary advance" & advance against salary is taxable or not??


CA Punit

( Expert )
11 October 2010

Advance against salary is a kind of loan - Not Taxable
&
Advance salary means salary received in advance - Taxable



gaurav

( Author )
11 October 2010

thakns punit


CA Amit Joshi

( Expert )
11 October 2010

Thx punit ji


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