Taxability
This query is : Resolved
12 November 2011
gud afternoon,
I want to know that there is a employee from srilanka who resides in India for more than 182 days.
wat 'would be the tds rate applicable & any exemption limit applicbale on his salary.
Company also reimburses air fare from srilanka. then it is taxable in whose hands ?????
Reply soon
thanks
I want to know that there is a employee from srilanka who resides in India for more than 182 days.
wat 'would be the tds rate applicable & any exemption limit applicbale on his salary.
Company also reimburses air fare from srilanka. then it is taxable in whose hands ?????
Reply soon
thanks
13 November 2011
As per Section 6, he is a resident.
Whether ordinarily or extra(not) ordinarily
it depends upon the fact, whether he satisfies the additional conditions or not.
.
TDS rates and deductions provisions would apply, as applies normally for residents.
.
For reimbursement of air fare, the purpose has to be seen. Whether he is being sent for company's business purpose or going on leave (LTC) etc.
.
In the query, it is not clear about the purpose. In general, what ever is paid by the employer can be treated as salary and as such the perquisite is taxable in the hands of the employee.
.
Whether ordinarily or extra(not) ordinarily
it depends upon the fact, whether he satisfies the additional conditions or not.
.
TDS rates and deductions provisions would apply, as applies normally for residents.
.
For reimbursement of air fare, the purpose has to be seen. Whether he is being sent for company's business purpose or going on leave (LTC) etc.
.
In the query, it is not clear about the purpose. In general, what ever is paid by the employer can be treated as salary and as such the perquisite is taxable in the hands of the employee.
.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Liable to deduct tds and 44ADA
- Relief u/s Section 89
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
