Hello,
I have a question on Income earned outside India. This is kind of a unique situation. For the purposes of taxation I am treated as a resident i.e. have spent more than 182 days in India - Hence global income is taxable. The country does not have a DTAA with India.
However, I am interested in finding out what is considered as Income for the purpose of taxaion in India.
- The salary earned will certainly be considered as an income
- If the employer pays for the employees relocation travel would that be treated as income
- If the employee has received a discretionary relocation allowance for shipping personal effects would that be treated as income
- If the employer provides temporary accomodation would that be treated as an income
- If the employer provides a temporary loan to the employee would that be considered a perquisite.
I look forward to any guidance in the matter.
CAclubindia
