No Tags Found!

gargiranade@asbi.co.in
Hi Dear all, I want format of retainership contract and wants to know what will be taxation element in this type of agreement .
From India, Ulhasnagar
garghsr
1

Dear,

The retainee will raise the invoice to your company/firm, which will include service tax (the retainee will have to get her/him self registered for service tax under appropriate head eg. professional consultant). Once the invoice is raised by the retainee, the company/firm would make the pament as per agreed terms, subject to deduction of TDS.

A typical agreement could be as under:

Dear .....,

We are pleased to appoint you as a professional consultant/advisor on retainership basis from dd/mm/yyyy.

The following are the terms and conditions:

a) The retainership shall be from dd/mm/yy to dd/mm/yy. It will automatically expire on dd/mm/yy unless extended in writing. During the retainership period, either side can terminate the agreement by giving ... months notice or retaineship charges for the notice perios, without assigning any reasons.

b) You shall interact with Mrs/Miss/Mr....... of our company during your retainership for all decisions/queries.

c) you shall be given....no pf persons for your assignment.

d) Your assignment shall be as follows......

e) Your retainership fees would be Rs...... per month. You would raise inoice on .....th of every month. Your invoice will become payable by....pf every month. You may levy service tax/you retainership fees is inclusive of service tax.

f) You shall be paid conveyance for official purpose.

g) Any outstation travel and boarding shall be billed extra to the company/firm. Limits on travelling and boarding expenses are as follows...

h) other clauses

Kindly sign and return a duplicate copy of this letter as a token of acceptance.

Thanking you
Yours

MMMMMMMM

Hope the above gives you a fair idea

Regards

From India, Ambala
Nisha Bhatia
Hello
i am also looking for a retainership agreemnt. could you please explainme the clause (c) c) you shall be given....no pf persons for your assignment.I am nt able to unerrstand.
Pleasse help me
Thanks & regards
Nisha Bhatia

From India, Gurgaon
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.