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07 January 2015 Advances are paid to sales staff in retail shops. This is necessary as it is customary to procure staff of high calibre. No interest is charged on such advances.Should the deemed interest on such advances be included in Form 12B.
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
07 January 2015 Are these advances for expenses... or as an loan and u wil recover them... ??

If for expenses no need of deemed interest
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CA Pavan Talreja

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CA Pavan Talreja (Expert)
07 January 2015 Do these advances carry an interest?
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Sanjeev Agarwal

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Sanjeev Agarwal (Querist)
07 January 2015 Advances are as loan

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