Tax liability
Querist : Anonymous
My father is a painter. He is vendor enlisted in Ambuja Cements Ltd. He has no trade licence or current account. He has received his payment in Savings Account through RTGS. I want to know that if he receives Rs. 30,000 in 4 installment withing a month through savings account after deducting TDS from company then any problem arise for Income tax. His income is non taxable.
Please help me.
But if you expect a big amount exceeding Rs 10 lakh pa then open current account.
Querist : Anonymous
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