Can company collect Interst from Advances given to Staff
1 Replies
Dintakurthi Tirumala
(CA FINAL)
(15994 Points)
Replied 13 September 2011
If the advance treated as salary paid in advance then interest not to be collect or if it is treated as loan then interest to be collect depending on the terms on conditions of the company loans to staff(some companies provides interest free loan).
OM SAI SRI SAI JAI JAI SAI
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