Salary
This query is : Resolved
Sanjeev Agarwal
(Querist)
07 January 2015
Advances are paid to sales staff in retail shops. This is necessary as it is customary to procure staff of high calibre. No interest is charged on such advances.Should the deemed interest on such advances be included in Form 12B.
CA AnKiT BoHrA (AB)
(Expert)
07 January 2015
Are these advances for expenses... or as an loan and u wil recover them... ??
If for expenses no need of deemed interest
If for expenses no need of deemed interest
CA Pavan Talreja
(Expert)
07 January 2015
Do these advances carry an interest?
Sanjeev Agarwal
(Querist)
07 January 2015
Advances are as loan
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