Allowance paid by company
This query is : Resolved
Sachin Jain
(Querist)
14 November 2007
What will be the tax treatment in the hand of salaried employee for allowances paid by company when he was/is outside the country.
Amarjeet Singh
(Expert)
14 November 2007
If it is a Indian Company then it is income accrued in India therefore taxable for all whether he is resident or non resident.Now it depends on nature of allowance u r receiving.It may be taxable or non taxable allowance depends on its nature.
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