salary

Posted Date : 14-Mar-2014 , 09:26:53 pm | Posted By CASANSAAR print

Listen to this Article

0:00

Salary, in simple words, means remuneration of a person, which he has received
from his employer for rendering services to him. But receipts for all kinds of
services rendered cannot be taxed as salary. The remuneration received by
professionals like doctors, architects, lawyers etc. cannot be covered under salary
since it is not received from their employers but from their clients. So, it is taxed
under business or profession head.

Category : Income Tax | Comments : 0 | Hits : 338

Also Read -

Income Tax Department Verifies Restaurant Turnover Across India

The Income Tax Department has recently carried out a nationwide verification exercise focusing on restaurants that may have suppressed their actual turnover. This action comes after an investigation c...

Also Read -

Old vs New Tax Regime: Section 54F vs Section 86 for Capital Gains on Property

Selling property in India? You're probably worried about the capital gains tax bill that comes with it. Here's some good news—both the old and new tax regimes offer you ways to save big ...

Also Read -

Income Tax Alert - Here Are 5 High-Value Transactions That May Come Under Scrutiny

Income Tax Alert - Here Are 5 High-Value Transactions That May Come Under Scrutiny. Large Cash Deposits: Any cash deposit exceeding Rs 10 lakh in a financial year across savings accounts draws...