A person is appointed in a company as consultant , but he has work as regular employee. Whether his Income is taxable u/h salary or profession Income u/h PGBP ?
If taxable u/h PGBP , he spend 300rs daily as a travelling expense for reaching office . Whether such travelling expense will be allowed as expenditure u/h PGBP.
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consultant vs salaried employee
Replies (3)
If he is working as a regular employee than it will be treated as employee. And income will be taxable under Salary head. N he will get traveling allowance. As par income tax act.
if he is regular employee-travelling allowance, PGBP -business expenses
what will be the consequence if his company deduct tds @ 10%, as if he is carring a profession ?
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