16 September 2015
Dear experts company has given rs 1 lacs advance to employee, plz let me know weather this advance will be consider in his salary to TDS deduction. or can i show this amount interest free loan to employee....
16 September 2015
Advance is not salary, it is an interest free loan to employee. It should not be subjected to TDS as salary of employee. It is not available as expense deduction to the company.
CAclubindia
