Advance salary to director

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dear all

 

do 3 months advance salary to Director of pvt ltd co attracts sec- 2(22)(e) .

If yes what is tax treatment

Thanks and regards

Ritesh 

Replies (1)

YES Section 2 22 e is applicable for loan/advance given to any shareholder. here if director is also a shareholder then section 2 22 e is applicable


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