Fixed reimbursement amount are taxable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2014
Dear Sir,
My client is ROR working (deputed as Project Manager) in India and paid by foreign (Belgium) Employer for Project coordination Work
To file his return I understood that I have to use ITR-2 and use column of TA_FA & FSI and get tax credit on tax paid in Belgium by his employer.
My questions
He is getting Fixed Reimbursement amount for his travelling from home to office, same is mentioned in nontaxable amount in pay slip. Can he consider the same amount nontaxable in India?
Regards,
Pranali
My client is ROR working (deputed as Project Manager) in India and paid by foreign (Belgium) Employer for Project coordination Work
To file his return I understood that I have to use ITR-2 and use column of TA_FA & FSI and get tax credit on tax paid in Belgium by his employer.
My questions
He is getting Fixed Reimbursement amount for his travelling from home to office, same is mentioned in nontaxable amount in pay slip. Can he consider the same amount nontaxable in India?
Regards,
Pranali
20 February 2014
the actual travelling exp is not taxable if anything above is rec for same then that excess is taxable.
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2014
These are my taxi allowance for every office day, paid by my company. shall keep bills of same?
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