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Loan & advances

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(Querist)
05 September 2009 sir,
The company as given loan to directors and in the next financial year it has been deducted from salary it is allow able.
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Nischint Kumar Somani

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Nischint Kumar Somani (Expert)
05 September 2009 You first think whether loan was against salary or not.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
05 September 2009 yes allowable
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