Can we show salary from 2 companies.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 March 2013
Sir.
suppose i am getting 650000 p.a from my employer having multiple branches across india.
My employer is public company other than ca firms.
In order to avoid TDS liability
Can I show Salary in parts received from 2 companies.
Or I show as professional fees?
Or Can i show on contract basis? So that tds liability get reduced.
suppose i am getting 650000 p.a from my employer having multiple branches across india.
My employer is public company other than ca firms.
In order to avoid TDS liability
Can I show Salary in parts received from 2 companies.
Or I show as professional fees?
Or Can i show on contract basis? So that tds liability get reduced.
Santosh Mishra
(Expert)
08 March 2013
You can not show as salaries received from 2 companies, company may have multiple branches but it is a single entity for tax purpose. They would be reporting your income using a single TAN. Even if they have not deducted TDS, it would be your responsibility to club your income any pay taxes as per IT provisions.
You can not show as professional fees or as a contractor, there is an employer-employee relationship between you and company and you can not be a contractor or consultant in the same time.
You can not show as professional fees or as a contractor, there is an employer-employee relationship between you and company and you can not be a contractor or consultant in the same time.
Message likes :
1 times
sharma.ctc@gmail.com
(Expert)
08 March 2013
Agree with Mr. Mishra.
Its your income and you will have to pay TDS even if company doesn't deduct from your salary.
Its your income and you will have to pay TDS even if company doesn't deduct from your salary.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
