Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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sanish p balan says : tds
intrest on tds to be paid on tds amount inclusive of cess or exclusive os cess??? plz rply sir............

susheel says : thanks
thank you so much for your invaluable suggestions.. may you guide us the way you do forever...thanks once again...cheers!!

Rajeesh G says : PAN for foreign nationals..?
Sir, I hope you can spend a little time for a young mind aspiring to be a little brighter (if not brilliant..like you..) kindly advice Sir.. I have posted a query..

vijay says : Tax on reimbursements for F.Y 2009-10
Our Company is based in hubli, We send employees to bangalore to our clients office where they work at their place , ours is service oriented chip designing company. We call the employees who work from our clients place in banaglore as ONSITE employees.We reimburse them monthly onsite reimbursements as follows: Food- 3000 per month Accomodation- 3000 per month travel(local in bangalore) Rs 1500 Per month This is paid irrespective they give bills . or actual s as per the bills but not exceeding the above amount. My question is .Whether the above reimbursements are taxable in the hands of employees. At present the same are added to their salary and taxed which i feel is wrong as they are not in nature of perks. Kindly clarify in details as per the IT act.

Rajeesh G says : PAN for foreign nationals..?
Hello..Sir... Could you please clarify as to the necessity for obtaining PAN for every TDS transactions which may consequentially include the Foreign Nationals as well..(..?..) to whom any payments have been made for, say, professional consultancy services/technical knowledge inputs etc..(which can come under the purview of the Income Tax Act, of course..)? I have just heared that wef April 1st 2010 it has been made compulsory that the deductor should provide the PAN of every deductee, be it RESIDENT or NON-RESIDENT..failing which can attract the penalty/TDS deduction @ 20%..? I would like to know whether the same is applicable for Foreign Nationals as well..?