Hi,
Have a few queries regarding interns:
1. Suppose a company takes on interns, what kind of documentation should we keep?
2. Should an offer letter be provided mentioning internship and their pay?
3. Are compliances such as PT or TDS applicable in case of interns and their payment?
Summary: Always formalize internships with a written contract that specifies the role as non-employment, collect supporting student documentation (NOC/ID), and consult with your finance team regarding the most appropriate way to classify the stipend for TDS purposes (often treated as professional fees to avoid employer-employee statutory complications).
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
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Subrahmanyam & Sivudu CA Firm
Hyderabad
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RBSM Corporate Advisors Private Limited
Pune
CA
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CCI
Pro
CAclubindia
