Staff Advance
This query is : Resolved
31 December 2010
Dear Experts,
I want to know that:
In a pvt ltd co. can the management grant advance/interest free loan to their staff for Rs.45K by cash? (When staff getting salary fo Rs. 7.5K)
Is there any limitation (Amt.)to sanction advance/intt. free loan to staff (note : Gross salary of such staff is Rs.7500/-).
Is there any time limit to repay such staff advance/loan?
Pls give your valued advice.
Thanks in advance and wish you a happy and prosperous new year.
Regards,
Dulal Chatterjee
dulal.taxconsultant@gmail.com
I want to know that:
In a pvt ltd co. can the management grant advance/interest free loan to their staff for Rs.45K by cash? (When staff getting salary fo Rs. 7.5K)
Is there any limitation (Amt.)to sanction advance/intt. free loan to staff (note : Gross salary of such staff is Rs.7500/-).
Is there any time limit to repay such staff advance/loan?
Pls give your valued advice.
Thanks in advance and wish you a happy and prosperous new year.
Regards,
Dulal Chatterjee
dulal.taxconsultant@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
