Hi.
I have a certain query and would be highly obliged if anyone could help me with the solution.
A director of a private limited company wants to hire a private assistant / secretary for himself who would help him in his office related duties and also take care of his personal records. His other sources of incomes include income from firms as a partner, rental income, capital gains and bank interest.
What modes of payment (salaried / fees, etc) are available to him for hiring such a person considering the following additional details:
1. The private limited company is currently not making enough profits to justify such a hire.
2. If the person is hired and paid for by the firm(s), the other partners may object as he would be working exclusively for one partner.
One of the payment options is that he can pay the person from his own pocket. However this will be shown as personal withdrawals and cannot be claimed as expenses.
Request if you could provide with additional solutions available for the above. Also if such payment can be shown as an expense, what additional steps are to be taken with regards the same.
Thank you in advance.
Thanks and Regards,
CA CSJ
CAclubindia
