Girish (Consultant) (94 Points)
24 December 2016One of my client, staying in India is receiving income from a Co. registered in Singapore and it does not have a PE in India. Though the salary is fixed payment every month, the receipts in his account vary due to forex fluctuations. He provides some consultancy service.
Can it be declared as Professional Income to claim deductions of some business expenditure, though received as Salary from that Co., or should it be considered as Salary Income only?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 24 December 2016
Whats the contract between them? That will decide the nature of income.
Girish
(Consultant)
(94 Points)
Replied 28 December 2016
There is an employee - employer relationship as per contract.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 28 December 2016
So, Employer gives SALARY to employee !!
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 28 December 2016
If possible, the contract can be modified to suit your client based on services provided, the same can be received as professional fees, in future.
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