Salary pay to family member allowed
This query is : Open
Quick Summary
Kollipara Sundaraiah
(Querist)
22 July 2021
Sir,
One of the individual status business person salary pay to employee (son)rs:10,000/- amount p.m.
Question:
Assess salary pay to son amount business expenses claim allowed in it act.
One of the individual status business person salary pay to employee (son)rs:10,000/- amount p.m.
Question:
Assess salary pay to son amount business expenses claim allowed in it act.
CMA Poornima Madhava
(Expert)
22 July 2021
Yes, the son can be an employee of the organization of the father and can receive salary and hence it can be treated as a business expense for the employer.
CA Rashmi Gandhi
(Expert)
23 July 2021
Same is allowed as per IT Act.
Payment to relative is disallowed u/s 40A(2) only if payment is excess or unreasonable.
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