deposits in firm
This query is : Resolved
seema wadhwa
(Querist)
09 May 2011
can an employee in a firm who is getting salary show his deposits in firm and can he take interest from firm on this deposits
13 May 2011
Yes. But if the deposit exceeds Rs.20000, then the firm needs to take it by way of cheque only.
The employee can have deposits with the firm and earn interest on it.
The employee can have deposits with the firm and earn interest on it.
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