19 February 2009
There r two entities, one is Proprietorship & another is Pvt. Ltd. Co. the proprietor is a director in co. Employees getting salary from Proprietor business as well as from company.However only company deduct P.T. while making salary payment(co. Consider the salary from Proprietor business for slab purpose). is it correct. (as both entities are different i.e. proprietorship & Co.) Also if payment of P.T. make late is any interest we have to pay?
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