Advance given to employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2015
Dear experts,
company has given rs 100000 advance to it's employee. company has treat this amount interest free loan to employee. hence no need to deduct TDS, plz tell me weather this loan will attract section 269SS and have to report in form 3CD or not, also tell me how can employee avail the relief section 89(1) on this loan amount.....
thanx in advance
Shakshi goyal
company has given rs 100000 advance to it's employee. company has treat this amount interest free loan to employee. hence no need to deduct TDS, plz tell me weather this loan will attract section 269SS and have to report in form 3CD or not, also tell me how can employee avail the relief section 89(1) on this loan amount.....
thanx in advance
Shakshi goyal
22 September 2015
01. Report this in tax audit report - 269SS
02. What for you want to invoke section 89(i)? What relief you want, please clarify
02. What for you want to invoke section 89(i)? What relief you want, please clarify
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