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Querist : Anonymous

Querist : Anonymous (Querist)

08 April 2014 Is advance given to meet business expenses adjustible with salary payable if excess of such advance is left?

Rupesh Jain

Rupesh Jain (Expert)

08 April 2014 yes you can deduct as advance given to staff

Querist : Anonymous

Querist : Anonymous (Querist)

08 April 2014 @ Rupesh.. the advances are given to meet other business expenses. For instance the employees are advanced when they go to a site where the business is of Interior Decorations & Renovations. Expenses like site expense in the above case are met by the advances given to the employees. Can any remanent of such advances be adjusted with salary payable to a employee....

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