Salary & Professional Fees at a time from same company
This query is : Resolved
25 December 2024
Dear All
Is there any rule in income tax or labour law that a person can't get monthly salary & monthly consultancy fees from same organization at a time for service rendered ?
TDS on consultance fees will be deducted as per section 194J of Income Act
TDS on Salary will be deducted as per section 192 of Income Act
Is there any rule in income tax or labour law that a person can't get monthly salary & monthly consultancy fees from same organization at a time for service rendered ?
TDS on consultance fees will be deducted as per section 194J of Income Act
TDS on Salary will be deducted as per section 192 of Income Act
25 December 2024
A salaried person can get incentives along with salary, and he can get professional fees as and when he is not an employee.
25 December 2024
Yes , that is theoretical
Is there any act or statutory rules related to this guideline (Any reference) ?
A person can work as a salaried person as per his employment rule but after his office hrs he can give his technical support / guidance against professional fees to the same company as a professional.
In both cases , TDS can be deducted under different sections of income tax to avoid any violation.
Is there any act or statutory rules related to this guideline (Any reference) ?
A person can work as a salaried person as per his employment rule but after his office hrs he can give his technical support / guidance against professional fees to the same company as a professional.
In both cases , TDS can be deducted under different sections of income tax to avoid any violation.
25 December 2024
There is only one rule for salaried person that whatever payment + perks + incentives+ wages etc, by whatever name it be called is aggregated to SALARY. After working hours even if he works for the same company it will be termed as overtime, but not professional consultation. It can differ if the organization is different, but not for same organization. No case law supporting your terminology.
Message likes :
1 times
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- Reporting Income under Section 44ADA
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
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
