SALARY QUERY
This query is : Resolved
Ganesh iyer
(Querist)
09 September 2010
for an amount to be taxable as salary there should be an employer and employee relationship between payer and payee ,the employer can be a firm,individual,company etc......my query is regarding the 'employee' part ...whether any company or a firm can be an employee of another company.....if yes then in which head will that firm or company's income would be taxed??
CMA Ramesh Krishnan
(Expert)
09 September 2010
It cannot be - The meaning of word Employee is specifying a Natural person, a artifical person cannot be an employee with anybody
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