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Can a company get salary from other taxpayers???

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 March 2014 can a company get salary from other tax payers such as Individual, Firm, HUF, other companies, trusts, societies???????




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18 March 2014 The answer is a BIG NO.
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A company is an artificial person which is managed by Board of Directors.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2014 Thanx for replying Sir...

Can you please tell me the provision or section where in it is mentioned that being an artificial person company can`t get salary as source of income...



20 March 2014 Only a LIVING PERSON can be "EMPLOYED."
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From the question raised by you it seems you WANT to pay SALARY to a COMPANY "ANYHOW" hence you are TRYING to ESTABLISH it.
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The correct answer is :
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DIRECTORS of a COMPANY are paid SALARIES because they are LIVING PERSONS employed under the company.
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If you assume that a company can be paid a salary then firstly reply the following:
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1. How would you make ATTENDANCE of the COMPANY as an EMPLOYEE?
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2. How would you allow LEAVES, LEAVE TRAVEL CONCESSION, GRATUITY, PENSION, "CHILDREN EDUCATION ALLOWANCE" etc. to a COMPANY?
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Hope now your doubt is clear.
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20 March 2014 FINALLY :
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Can we gift TOYS to a BARBIE DOLL?
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Hint :
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(Toys = Salary & Barbie Doll = Employee)
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Interesting, here SALARY can be really paid but the person must be in EXISTENCE to ACCEPT it physically.



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