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Advance salary

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(Querist)
14 September 2011 A director in private limited can take the advance salary or not. Pleae give the answer with reference of sections.
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CA Navin Jain

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CA Navin Jain (Expert)
14 September 2011 yes, director can taken the advance salary.
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PARMOD KUMAR

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PARMOD KUMAR (Querist)
14 September 2011 please give the example for the same.
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Hari Beldona

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Hari Beldona (Expert)
14 September 2011 Example: when a Whole Time Director is given salary advance, normally, the deduction would be done as per company's policy with regard to salary advances.

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