Chandresh Sanat Jatania (Chartered Accountants) (116 Points)
01 July 2012Hi,
Can anyone tell me what will be tax implications with respecxt to Income / Profession/ Service Tax on paymnet made to a person hired as a personal secretary / assisstant if :
1. The payment is made from the company
2. The payment is made by the individual through his own capital and treated as expense
3. The payment is made by the individual through his own capital and NOT treated as expense
Request your early feedback.
Thanks in advance
CA PARAS BAFNA
(Practising CA )
(33423 Points)
Replied 09 July 2012
Can anyone tell me what will be tax implications with respecxt to Income / Profession/ Service Tax
on paymnet made to a person hired as a personal secretary / assisstant if :
.
1. The payment is made from the company
.
Reply: Then there is no tax implication on the Individual. As the Company has to bear the Personal
.
Assistant as another employee for it.
.
2. The payment is made by the individual through his own capital and treated as expense
.
Any one can employ a Personal Assistant, but expenses can be claimed only when PA's services are
.
meant exclusively for the purpose of the business/profession of the Individual. Profession Tax will be borne by the business entity of the Individual.
3. The payment is made by the individual through his own capital and NOT treated as expense
Request your early feedback.
.
This will be purely a pesonal expense. No Tax implication except Professional Tax, which has to be borne by the Individual.
.
Thanks in advance
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