Implication of Tax
This query is : Resolved
09 April 2011
Good Afternoon to All
Respected sir pls solve my problem, here it is- Suppose me n my spouse form a pvt. ltd company and give 700000to it and get 300000(to me) n 150000(to my spouse) as a salary. what is the tax implications?
I m also getting700000p.m from an other company as profession fees.
Pls reply its urgent.
Thanks
Respected sir pls solve my problem, here it is- Suppose me n my spouse form a pvt. ltd company and give 700000to it and get 300000(to me) n 150000(to my spouse) as a salary. what is the tax implications?
I m also getting700000p.m from an other company as profession fees.
Pls reply its urgent.
Thanks
Aditya Maheshwari
(Expert)
09 April 2011
If u get 300000 n 150000 to your spouse as a salary then the same is taxable as salary in your hands.
09 April 2011
Thanks for the feedback Aditya..
Actually at that time i was so confused and put a wrong question in haste.
bt nw i have worked out the same.
Actually at that time i was so confused and put a wrong question in haste.
bt nw i have worked out the same.
Aditya Maheshwari
(Expert)
09 April 2011
Yes the question was very confusing and hence was not answered earlier.
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