Hi
Which taxes I need to pay in following case:
Case #1) Proprietary business with Income ABOVE 1 crore, under audit, have service tax number, but no TIN
Q1. In this case if I hire freelancers (3 to 10 candidates with 8k to 30k per month pay, variable for freelancers) or full time candidates working from home or small office, do I need to deduct any tax before making payments to them? any limits applicable for not deducting tax?
Case #2) Proprietary business with Income BELOW 1 crore, NOT under audit, DONT have service tax and TIN number
Q 1. If I hire freelancers and employees which taxes I need to deduct?
Q 2. Also I have online courses and instrcutors payments range from 40k to 1.5L per month. Do I need to deduct any tax before making payment or they are responsible for paying their income tax only as per their tax slabs?
Can anyone please help in this regards? Thanks in advance for your time.
CAclubindia
