Easy Office
LCI Learning

Freelancing payment

This query is : Resolved 

12 September 2012 Hi I am a salaried person earning Rs 25,000 per month in a BPO as technical specialist.I got a contract from another BPO related to recruitment.They will release the payment in Cheque so my query is as I am a salaried person Can I take cheque in my name?If yes then what category of income would it fall into?What kind of taxes I need to pay?The amount I would be getting is in the range of Rs 3Lakhs to 4Lakhs.THANKS

13 September 2012 The amount will be taxable as business income.

13 September 2012 Income from business. You can receive provided contract of employment does not restrict you from carrying any such activity




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query