Compensation to family of employee who met with fatality.
This query is : Resolved
10 July 2018
Mr. X who was working in Qatar died due to accident on site. The employer, a German MNC intends to financially support his family by providing a contribution of Euro 50,000 to his family members living in Telengana in the form of monthly pay outs. The German MNC also has one subsidiary in India.
What is the best route to do so without much hassle?
What is the best route to do so without much hassle?
10 July 2018
Monthly payment is taxable deduct TDS and pay monthly family relief.
11 July 2018
Dear sir,
Thanks for the reply.
Actually my query is what route should I follow to make the payment because the holding company wants to route this payment through its indian subsidiary (to save from cumbersome RBI compliances) which has no relation with the deceased employee. Can we route this payment under Foreign Contribution Regulation Act, 2010 by establishing a trust Fund.,
Thanks for the reply.
Actually my query is what route should I follow to make the payment because the holding company wants to route this payment through its indian subsidiary (to save from cumbersome RBI compliances) which has no relation with the deceased employee. Can we route this payment under Foreign Contribution Regulation Act, 2010 by establishing a trust Fund.,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
