Hi,
The assessee wants to hire a person as a personal secretary / PA for his work. Money would be paid by the assessee personally. I would like to know the tax implications of such apponitment. Few specific queries are
- Which provisions of the Profession / Income Tax Act will apply to this case?
- Does the assess have to get registed with the Profession Tax authorities?
- Will the assessee have to deduct Income Tax and issue a Form 16 to such assisstant
- What will be the implications if the amount is paid by the assessee from his own capital and not claimed as expenditure.
- What wil be the tax implications of the above payments / expenses if the assessee does not have any direct business income
I would also appreciate, if you could provide me with any specific notification / circulars / case law related to the above.
Please feel free to highlight any other major points related to the above case which I might have missed out.
Thanks in Advance.