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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Reporting of STCG on Property in ITR
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
