Tax rate applicable
This query is : Resolved
22 February 2014
NOWADAYS PEOPLE GET INCOME ONLINE FOR DOING WORK ONLINE THRU GOOGLE & OTHER SOURCES. IS THERE ANY SPECIAL PROVISION OF TAX ON THAT INCOME OR REGULAR SALARY INCOME CAN BE CONSIDERED. AS THEY GET DIRECT PAYMENT IN THEIR BANK ACCOUNT WITHOUT PHYSICAL CONTRACT OF WORK THEY DO ONLINE. OR IT CAN BE TREATED AS CONSULTANCY SERVICES. PLEASE GUIDE.
22 February 2014
it is not salary in any case unless there is an employer-employee relationship established.
such payments would normally be accounted for as payment for consultancy services/contractual services and should be offered for taxation under "income from business/profession"
such payments would normally be accounted for as payment for consultancy services/contractual services and should be offered for taxation under "income from business/profession"
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