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Staff Advance

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2011 Thanx vivek sir for your valued comments. Still i have a qs that is:

whether the payment of staff advance in cash amounting to Rs. 50000 (which will be adjusted from his/her salary over the period of 50 months) is disallowed u/s. 269SS and/or 269T under Income Tax Act.

Regards

Dulal

04 January 2011 Staff Advance is not covered under sec 269SS / 269T.

04 January 2011 No.This is in Diff.nature




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