advance salary
This query is : Resolved
Guest
Guest
(Querist)
11 August 2009
Advance salary paid to employee is not recoverable.Can it be dedutable under IT Act .and also under which section .
11 August 2009
It is deductible.
11 August 2009
It is deductible but first you need to write off this advance salary and charge it off to the current year P&L statement
Guest
Guest
(Querist)
12 August 2009
Thanks Chandresh and Rohit.
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