Income tax
This query is : Resolved
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 )
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 )
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.
Message likes :
1 times
16 January 2019
thank you sir i appreciate you for earliest reply
one more think is apply in proprietorship or partnership firms also?
one more think is apply in proprietorship or partnership firms also?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
