Hello everybody
It would be nice if you could go through this post in detail and give me professional suggestions.
_______________
I have been working as a recruiter for over 2 years now, specializing in hiring in Microsoft Technologies. I have been working in full-time jobs (almost a year in a placement firm, and the rest in the over rated corporate environment). [Over-rated, because the work doesn't pay off well enough than the handsome fixed salary, which is much less considering the incentives that can be made in vendorship]
Recently, I have started doing freelance recruitment jobs for many struggling recruitment firms at a 50% profit sharing. Note that this is all based on plain trust and nothing more. After having doing this job, I have come to realise that I am not doing justice to the candidates that bear potential deserving more that what the clients of mine have to offer (No jokes, some candidates are absolutely great and deserve working in Microsoft itself)
I have been in a couple of meetings with the HRs of some top-notch product development companies requiring the kind of people I have waiting to be hired. I had an over the table discussion of what the type, background, abilities and expertise of candidates that I have, and also had a discussion of what the contract would basically cover.(viz, replacements, fees, contract durations, expenses incurred in the process etc.)
While typing down the contract details on hard-copy, I came across a few doubts:
1) What about service taxes?
2) What about my income tax?
I am not a registered company/firm/agency. I pay my IT, all the money that I make is in "other sources of income". The clauses pertaining to service taxes state that any services rendered by a party is liable to service tax, which should be paid to the service provider. So, should I add another 12.24% over the billing percentage? And if so, where do I go about declaring it. Should I declare it as a service income or again in "other sources of income"? Would my PAN number do the job in the contract.
It would be really helpful if any of the senior members with degrees in corporate laws could suggest me considering me as a hypothetical freelance service provider to their company(s). And what they would do and suggest to me about contract documents and how they should be formatted, and what should and should not be stated in the same.
Thanks in advance.
PL&E
vnd
From United States, San Diego
2It would be nice if you could go through this post in detail and give me professional suggestions.
_______________
I have been working as a recruiter for over 2 years now, specializing in hiring in Microsoft Technologies. I have been working in full-time jobs (almost a year in a placement firm, and the rest in the over rated corporate environment). [Over-rated, because the work doesn't pay off well enough than the handsome fixed salary, which is much less considering the incentives that can be made in vendorship]
Recently, I have started doing freelance recruitment jobs for many struggling recruitment firms at a 50% profit sharing. Note that this is all based on plain trust and nothing more. After having doing this job, I have come to realise that I am not doing justice to the candidates that bear potential deserving more that what the clients of mine have to offer (No jokes, some candidates are absolutely great and deserve working in Microsoft itself)
I have been in a couple of meetings with the HRs of some top-notch product development companies requiring the kind of people I have waiting to be hired. I had an over the table discussion of what the type, background, abilities and expertise of candidates that I have, and also had a discussion of what the contract would basically cover.(viz, replacements, fees, contract durations, expenses incurred in the process etc.)
While typing down the contract details on hard-copy, I came across a few doubts:
1) What about service taxes?
2) What about my income tax?
I am not a registered company/firm/agency. I pay my IT, all the money that I make is in "other sources of income". The clauses pertaining to service taxes state that any services rendered by a party is liable to service tax, which should be paid to the service provider. So, should I add another 12.24% over the billing percentage? And if so, where do I go about declaring it. Should I declare it as a service income or again in "other sources of income"? Would my PAN number do the job in the contract.
It would be really helpful if any of the senior members with degrees in corporate laws could suggest me considering me as a hypothetical freelance service provider to their company(s). And what they would do and suggest to me about contract documents and how they should be formatted, and what should and should not be stated in the same.
Thanks in advance.
PL&E
vnd
From United States, San Diego
hello vndixit perhaps a meeting between the two of us could give the desired results. let me know rgds Prakkash 98451-72202 Bangalore.
From India, Bangalore
From India, Bangalore
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