advance salary
This query is : Resolved
Guest
Guest
(Querist)
11 August 2009
Advance salary paid to employee is not recoverable.Can it be dedutable under IT Act .and also under which section .
Chandresh Pitroda
(Expert)
11 August 2009
It is deductible.
C.A Rohit Gambhir
(Expert)
11 August 2009
It is deductible but first you need to write off this advance salary and charge it off to the current year P&L statement
Guest
Guest
(Querist)
12 August 2009
Thanks Chandresh and Rohit.
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