dear all
do 3 months advance salary to Director of pvt ltd co attracts sec- 2(22)(e) .
If yes what is tax treatment
Thanks and regards
Ritesh
Ritesh khurana (CA student) (175 Points)
27 January 2012dear all
do 3 months advance salary to Director of pvt ltd co attracts sec- 2(22)(e) .
If yes what is tax treatment
Thanks and regards
Ritesh
CS Rajveer Rai, Gurgaon
(CS)
(646 Points)
Replied 27 January 2012
YES Section 2 22 e is applicable for loan/advance given to any shareholder. here if director is also a shareholder then section 2 22 e is applicable
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