Income tax

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Himanshu Sharma (Querist)
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16 January 2019 dear experts,

i have a one query relating to sharing of profit to employees can someone tell me what is limit or what is eligibility or ref. a notification or rule (income tax )

Rajesh Kumar

Rajesh Kumar (Expert)
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16 January 2019 There is no limit or eligibility as such. A company can share its profit with the employees. However such profit share in the hand of employee shall be treated as "salary" in the hand of employee and shall be taxed as such.

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Himanshu Sharma

Himanshu Sharma (Querist)
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16 January 2019 thank you sir i appreciate you for earliest reply

one more think is apply in proprietorship or partnership firms also?

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