Tax liability

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 January 2016 Dear Sir,

My father is a painter. He is vendor enlisted in Ambuja Cements Ltd. He has no trade licence or current account. He has received his payment in Savings Account through RTGS. I want to know that if he receives Rs. 30,000 in 4 installment withing a month through savings account after deducting TDS from company then any problem arise for Income tax. His income is non taxable.

Please help me.

Ankur Singhal

Ankur Singhal (Expert)
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05 January 2016 Since the amount is nominal no problem will arise under income tax.
But if you expect a big amount exceeding Rs 10 lakh pa then open current account.

Querist : Anonymous

Querist : Anonymous (Querist)

05 January 2016 Thank you sir for your reply

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