Sec-269ss & 269t

Yes, Staff's advance also covers under Sec 269SS & 269T 

agreee with above

as i have gone through  sec 269ss & 269T, i found the limit of 20000 covers the loans and advances taken(accepted from others) or deposited & repayment of loan and advances respectively...

my question is that is there any provisions in income tax restricting/ probhiting giving loan to others above 20000....

eg the ltd co has given 25000 advance to its staff against salary..

Section 269 SS & 269T are applicable only when loan or deposit is taken/accepted by the company. It is not applicable in the case loan is given or staff advance. 

. He can not  accept loan in cash

as the Staff is also a person

and these sections applies to him also.  

if the advance is taken from staff members and not given then in that case Sec 269 SS & T will be applicable

The probable replies-

Advance is taken from Staff members is true   

then it is also true that advance has been given by the staff members. 

ADVANCE FROM STAFF IS GENERALLY NOT TAKEN. BUT SOME TIMES POOR EMPLOYER ACCEPTS ADVANCES FROM RICH EMPLOYEES. SECTION 269SS HAS TO BE FOLLOWED BY THE EMPLOYER. 

Advance is taken from Staff members AND NOT GIVEN....back to the employee.

It implies that ...the employer's track record has become bad.

The employee should start to worry about his salary and in spite of thinking about 269ss , 269 t,

he should start to search a new employer.

What about advancesmade by the company to its staff for work purpose. will it fall within the ambit of Sec-269SS & 269T?