banner_ad

Loan to employee

Tax queries 495 views 2 replies

Dear All,

I have a query regarding loan to employee.

    If In the books, amount transferred to employee is shown as loan to employee, but really is not a loan, instead this relates to transaction of the company but transaction is of such a nature that it can not be shown in the books of account.

 

Now How can we adjust this loan.

 

Thanks

Replies (2)

Treat it has advance against salary or advance against expenses....

Thanks Suryakant. But the loan amount is around Rs 20 Lacs


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details