Advance salary
This query is : Resolved
PARMOD KUMAR
(Querist)
14 September 2011
A director in private limited can take the advance salary or not. Pleae give the answer with reference of sections.
CA Navin Jain
(Expert)
14 September 2011
yes, director can taken the advance salary.
PARMOD KUMAR
(Querist)
14 September 2011
please give the example for the same.
Hari Beldona
(Expert)
14 September 2011
Example: when a Whole Time Director is given salary advance, normally, the deduction would be done as per company's policy with regard to salary advances.
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