Relocations expenses exempt from tax
This query is : Resolved
13 June 2013
Hi,
Assume an employee is relocating from US to India & is granted Rs.3 Lacs as relocation exps from his new employer in India. His travel airfare (incl. family) sums up to Rs.1,86,000/- & shipment of house-hold items via air fright Rs. 25,000/-
His offer letter in India is dated 2/Jun/13 & the travel dates are as follows:
Self: 15/Jun/13
Family: 7/Feb/13
House-hold Items: 9/May/13
Could someone tell the taxable relocation amt.?
Assume an employee is relocating from US to India & is granted Rs.3 Lacs as relocation exps from his new employer in India. His travel airfare (incl. family) sums up to Rs.1,86,000/- & shipment of house-hold items via air fright Rs. 25,000/-
His offer letter in India is dated 2/Jun/13 & the travel dates are as follows:
Self: 15/Jun/13
Family: 7/Feb/13
House-hold Items: 9/May/13
Could someone tell the taxable relocation amt.?
13 June 2013
Relocation Expenses is not taxable as its mere reimbursement expenses
14 June 2013
Hi Vinita,
Thanks for the reply.
Would like to inform you that I am certainly aware that Relocation Exps are not taxable but, my ques is quite tricky. Kindly go through the ques very carefully & please give me the appropriate answer.
Thanks for the reply.
Would like to inform you that I am certainly aware that Relocation Exps are not taxable but, my ques is quite tricky. Kindly go through the ques very carefully & please give me the appropriate answer.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- Unregistered suppliers utility
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Capital gain on sale and purchase of plot
- Non-Compliance documents have not been submitted by the contractors debited
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
