Ours is a road construction company. We have entered into a license agreement with a pvt company for toll collection at one of our roads for one year. The pvt company is now asking us to issue FORM V to them. We had called for the legal opinions. One opinion says we should issue form V as we are princpal emplyer for them and another says we should not issue form V as its a license agreement and the work has been alloted as Independent eMplyer to the pvt company. Please advice..its urgent
you have to issue form V, as they are principals and you are doing the business as sub contractor.
| Originally posted by : U S Sharma | ||
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you have to issue form V, as they are principals and you are doing the business as sub contractor. |
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Sir
I guess I was not able to clearly put up my query..anyways thanks for the reply :-)
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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