An advance receipt form needs to be used when an employee takes an advance out of her income from the company he is employed in. It can also be used when an individual take advance money from a public or private trust where she has been depositing money regularly either as a tax saving or for investment purposes. This form can also find usage when advance money is taken by depositing other collateral like jewellery, immovable assets like house etc.
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Sample Advance Receipt form
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