TAX ON ADVANCE AGAINST SALARY


06 August 2009 PL LET ME KNOW WHETHER ADVANCE AGAINST SALARY WHICH IS RECOVERABLE IN 6 MONTHS with equal EMI should be treated as interest free loan and treated as perquisite or we can say that this is advance against salary and not incuded

06 August 2009 Adv against salary ionly adn no way be loan

06 August 2009 Give me some legal supportings for the same




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