269ss says
loan or deposite taken or accepted
does loan/advance given by company to its staff is covered by it
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 13 June 2012
No. It wont be covered.
Roshan A
(Chartered Accountant)
(458 Points)
Replied 13 June 2012
The provisions shall apply as the section does not exclude such payments.
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