TDS
This query is : Resolved
27 October 2009
Whether it is possible that a person who is paid employee in a concern is also a contractor of same concern,if yes then which amount is liable for TDS ?
27 October 2009
On contract amount 1% as individual. and on salary as per salary slab.
27 October 2009
But it may amount to tax planning & as per income tax rules & provision tax planning is not allowed.
ITO May make a consulsion that it is salary paid to such employee & there is lower deduction of TDS, he may diallow such amount of contract payment.
ITO May make a consulsion that it is salary paid to such employee & there is lower deduction of TDS, he may diallow such amount of contract payment.
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27 October 2009
Agree with chetan, in recent past DOT has disallowed some payments to retainers in Media companies as quasi employees.
It's better to do the contractors job in the name of other family members of the employee.
It's better to do the contractors job in the name of other family members of the employee.
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27 October 2009
agree with experts
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