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Prasannavijaykumar (Querist) 13 June 2016 This query is : Resolved
Sir good afternoon . One of my cousin I working for a IT company . Also she develops her own software and designs. I n the recent days she developed a product and felt that it might help the company and spoke to her boss other higher ups. They were satisfied .and told her thatcthey don't want any partnership deed instead go in for some sort of understanding that S he will develop and design the software but she has to be paid royalty for the same. But she will also remain the employer of the and receive salary also and both should not be treated as one both are different. Also since her income is taxable she will be e taxed both sides. And end up paying for the salary and for the royalty she receives. So a IT please guide me as and pl send me a format covering all the points asked for so it will help her for all other future projects. Thank you sir. Regards prasanna vijay

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