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Opting to be a Consultant gives the Privilege of claiming Many Deductions not available from Employee Remuneration!   Anand Roy is offered a marketing work assignment by a company with an annual package of Rs.8,80,000 during FY 2010-11 and he is given the choice to either join the company as an employee or offer his services as a consultant. Weighing the income-tax implications in respect of the same, he is...

Prepare for the TDS Nightmare!

No Respite From The TDS Bite Even For Non-Taxpayers! TDS Blows That Will Hit You Hard! No provision for furnishing any declaration (as in current Form 15G/15H) for non deduction of TDS from interest in cases of non-taxable income will hit hard senior citizens, widows, agriculturists and several other small interest earners. No provision for obtaining any certificate for TDS at a lower rate will create hardships for...

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