Hi All,
I am running a family business where i am paid salary though the salary is under 5.5 lakhs/annum so TDS is not deducted and business receipts are under 20L/annum so not GST registered (IT returns filed under presumptive income taxed @6% profit declaration Section 44 AD). Salary gets credited to savings account.
They asked for either TDS certificate or GST registration last time i applied as a valid proof of employer-employee relationship (TDS) or proof of business (GST).
I hold Infinia and Neu Infinity with shared limit of 20 lakhs as well as Sapphiro with limit of 10 lakhs.
The business is not in my name; it's in my parents name. Our residence & sub-office of business related work on ground floor room on same premises, is a place serviced by Amex, while the main business place is in a non serviced town. Residence, electricity & water bill is in the name of parents while telephone bill and gas cylinder is in my name.
I want to apply for an Amex card - Amex Smart Earn. I just want to get into Amex system for (eventually) getting a gold charge card.
Kindly advise whether i should file as salaried or self employed? Any other input would be highly appreciated.
@BestBanker
I am running a family business where i am paid salary though the salary is under 5.5 lakhs/annum so TDS is not deducted and business receipts are under 20L/annum so not GST registered (IT returns filed under presumptive income taxed @6% profit declaration Section 44 AD). Salary gets credited to savings account.
They asked for either TDS certificate or GST registration last time i applied as a valid proof of employer-employee relationship (TDS) or proof of business (GST).
I hold Infinia and Neu Infinity with shared limit of 20 lakhs as well as Sapphiro with limit of 10 lakhs.
The business is not in my name; it's in my parents name. Our residence & sub-office of business related work on ground floor room on same premises, is a place serviced by Amex, while the main business place is in a non serviced town. Residence, electricity & water bill is in the name of parents while telephone bill and gas cylinder is in my name.
I want to apply for an Amex card - Amex Smart Earn. I just want to get into Amex system for (eventually) getting a gold charge card.
Kindly advise whether i should file as salaried or self employed? Any other input would be highly appreciated.
@BestBanker
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