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sec 40a(3) & sec 269ss/t

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(Querist)
29 April 2010 Salary advance given to employees in cash mode exceeding Rs. 20000 will attarct the violation of provisons of sec 40a(3) or sec 269ss
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CA KISHORE VANAMA

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CA KISHORE VANAMA (Expert)
29 April 2010 salary advance to employee in cash does not cover under section 40a(3)and sec 269ss. Bcoz section 269ss says about any loan or deposit but not advances.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 May 2010 My view both section will not attract
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