Salary expense of employees
This query is : Resolved
10 April 2020
Dear Sir,
I am giving Salary every month of Rs. 30,000/- which I don't want to show it as a Salary expense in my Books of Accounts (Individual). Is there any other head in which I can show this expense which does not require TDS to be deducted. My nature of income is Contract income on which TDS is deducted U/s. 194C.
Please help.
Regards,
Divyesh Jain
I am giving Salary every month of Rs. 30,000/- which I don't want to show it as a Salary expense in my Books of Accounts (Individual). Is there any other head in which I can show this expense which does not require TDS to be deducted. My nature of income is Contract income on which TDS is deducted U/s. 194C.
Please help.
Regards,
Divyesh Jain
10 April 2020
Upto 5 lacs salary no need of any TDS.
11 April 2020
That is ok. I want to decrease my 2 employees whom I am paying Rs. 30,000/- in total as if I show these additional employees as a Salary expense I will fall under other statutory obligations like PT, PF & ESIC.
Please suggest the type of expense I can show apart from Salary.
Please suggest the type of expense I can show apart from Salary.
11 April 2020
Please take opinion personally from your known tax consultant
11 April 2020
PT, PF & ESIC. Not applicable in case of 2 employees.
13 April 2020
@ CA R SEETHARAMAN sir, You are right, but from the additional info given by Mr. Diyesh Jain, it is clear that he want to reduce the total employment by 2 to reduce number of employees below 10.
15 April 2020
@ CA Suresh Jain sir, yes that is only the case since I don't want to increase the number of employees and the 2 employees which I am talking about are my personal employees. Rest 8 are on contract basis.
15 April 2020
It is why I suggested you to contact an accounts/taxation expert
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Lease agreement and tax on sale
- CCFS 2026 Schemed
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
