Dear Experts,
(1). if son is working in the shop of his father, is tht salary income?
and wht amount will be salary?
(2). If his son only carry on shop, or father not preparing ITR then it will be business income for the Son?
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Replies (6)
(1) there must be employer and employee relationship between payer and payee.
since there is no employer and employee relationship so amount is not salary.
since there is no employer and employee relationship so amount is not salary.
then wht will be tht income under which head?
(2) business income head PGBP but son should carry business for previous year and should pay tax.
business owner/proprietor should be son and should file itr
if owner is his father and he work with his father, then wht will be head for son's income?
second question... if his father stop filing ITR then his son file ITR for whole business income?
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