2006-12-13 01:12:56 · 8 answers · asked by hariharpur s 1 in Business & Finance ➔ Taxes ➔ India
Why not ???. He can pay salary to his two sons. But the salary to be reasonable and should be according to market salary.
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2006-12-13 01:26:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Proprietor can pay salary to his sons.
2006-12-15 22:03:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
YES if they are actually working for business.
All the expenses fully laid down for business are allowable deductions under Income Tax Laws.refer to the statutory provisions at
www.allindiantaxes.com
2006-12-13 19:11:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
He can pay salary not only to his sons but also to his wife. Ensure you file the IT returns of these persons to whom you are paying salary.
2006-12-13 15:52:38 · answer #4 · answered by cvrk3 4 · 0⤊ 0⤋
Yes, of course, if you can prove that there was a busniess need, sons have competent knowledge of the subject / technical or porfessional qualification, comparables with others etc
2006-12-13 02:17:32 · answer #5 · answered by Falgesh Sanghvi 2 · 0⤊ 0⤋
Yes.
2006-12-15 01:18:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes, you can pay salary/professional fee to any of your kins....sons/wife/daughter/daughter-in-law/son-in-law subject to other parameters being legal.
2006-12-13 17:24:56 · answer #7 · answered by sumit g 2 · 0⤊ 0⤋
yes.
2006-12-13 01:22:44 · answer #8 · answered by Charu Chandra Goel 5 · 0⤊ 0⤋