QUERY ABOUT SALARY

Ganesh iyer (C.A M.com B.com(accounting and finance) ncfm)   (75 Points)

09 September 2010  

for an amount to be taxable as salary there should be an employer and employee relationship between payer and payee ,the employer can be a firm,individual,company etc......my query is regarding the 'employee' part ...whether any company or a firm can be an employee of another company.....if yes then in which head will that firm or company's income would be taxed??