relocation allowance
This query is : Resolved
27 September 2007
Hi,
I am facing a problem in relation to my client's policy of reimbursing the relocation expenses to it's employees in connection with their shifting base to NOIDA or GREATER NOIDA. They reimburse the actual expenses subject to the limit of Rs. 25000, both to new joiners and existing employees.
I am a bit confused with the FBT implications, applicability of Section 17(2) and that of Section 10(14) with Rule 2BB.
Kindly bless me with a professional advice.
Thanks and regads
CA Ahmer Ammar
I am facing a problem in relation to my client's policy of reimbursing the relocation expenses to it's employees in connection with their shifting base to NOIDA or GREATER NOIDA. They reimburse the actual expenses subject to the limit of Rs. 25000, both to new joiners and existing employees.
I am a bit confused with the FBT implications, applicability of Section 17(2) and that of Section 10(14) with Rule 2BB.
Kindly bless me with a professional advice.
Thanks and regads
CA Ahmer Ammar
28 September 2007
Mr Ahmer
In my opinion, relocation expenses reimbursed by the company shall be liable to FBT only and will not be taxable in the hand of employees.
In my opinion, relocation expenses reimbursed by the company shall be liable to FBT only and will not be taxable in the hand of employees.
29 September 2007
reimbursement of expenses covered u/s 115WB(2) and not treated as perquisite u/s 17(2). Liable for fbt
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