Treatment of relocation of expenses paid in previous year
This query is : Resolved
16 July 2018
My friend got transferred from Hyderabad to kolkatta and he works in a software company. Company paid him a fixed amount of 3.5 Lacs as Relocation exps . How treat this in filing returns for the Ass year 2018-19 . he does not have any bills regarding his shifting his house . They paid the amount on 27.03.2018.
Please help in this regards
Please help in this regards
16 July 2018
If the employer pays more relocation allowance to the employee than the actual expenses incurred then the difference would become taxable as salary income for the employee.
16 July 2018
is there any Exemption limit in relocation allowances ?
16 July 2018
Actual expenses allowed.
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