Advance to employee

 

Hello All,

My query is…..

When company sends any employee to onsite (out of India), company is providing advance in the local currency of that country to the consultant for fooding and other expenses and when the employee is return, the balance is return back to the company by the employee.

So the query here is, should we withdraw the balance amount from the country, where company has sent us, and exchange ourselves OR return the balance to company only..? what will be Tax implication in both the case..?

Thanks, Amit

 

Replies (3)

Return the balance to the company.

AGREEE WITH MIHIR

Thanka a lot to all.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details