This is CA. Amit Khare, I want to ask if you can please provide me the circular or proviso related with Salary Payment to Expat joined in India. e.g. USD 2500/- is fixed to be paid in equivalent INR. what would be the exchange rate of conversion can it be fixed by the compmpany as standard rate and will be subject to revision in case of substantial fluctuation in rate. or it has to be reviewed every month end as per market rate. kindly advice
29 September 2011
Rightly said by anuj. Just to add that there is no specific circular dealing with expatriates salaries payments. Since he is serving Indian company income arises in India and consequently taxable as other Indian employee.
29 September 2011
Rightly said by anuj. Just to add that there is no specific circular dealing with expatriates salaries payments. Since he is serving Indian company income arises in India and consequently taxable as other Indian employee.
CAclubindia
