Staff Advance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2011
Thanx vivek sir for your valued comments. Still i have a qs that is:
whether the payment of staff advance in cash amounting to Rs. 50000 (which will be adjusted from his/her salary over the period of 50 months) is disallowed u/s. 269SS and/or 269T under Income Tax Act.
Regards
Dulal
whether the payment of staff advance in cash amounting to Rs. 50000 (which will be adjusted from his/her salary over the period of 50 months) is disallowed u/s. 269SS and/or 269T under Income Tax Act.
Regards
Dulal
04 January 2011
Staff Advance is not covered under sec 269SS / 269T.
04 January 2011
No.This is in Diff.nature
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