There are many small boutique companies in Tier 2 cities in India which 'keep contractors'(not employ) some 19-25 count and pay them monthly Rs 20,000 to Rs 25,000 per month. Salary gets credited to bank account, but no Form 16 is issued to the employee. No TDS is deducted. No signed or stamped income certificate is issued.
PAN and TAN of the employer is not known.
Total income Rs 2,40,000 per year. (Can this be shown as salary income?)
How to file ITR for such cases? Which ITR? which section to show Rs 2,40,000 income?
Can Sec 80C be claimed for such income?
CAclubindia
