Salary paid in foreign currency.
This query is : Resolved
20 September 2011
Dear All,
Here is the scenario.
There is one employee in China whose salary is paid in USD from India. So after conversion from USD to RMB there is exchange loss to the employee. So now this loss should be beared by the employee or employer
Thanks in Advance
Regards
Hitesh
Here is the scenario.
There is one employee in China whose salary is paid in USD from India. So after conversion from USD to RMB there is exchange loss to the employee. So now this loss should be beared by the employee or employer
Thanks in Advance
Regards
Hitesh
20 September 2011
Hitesh,
That depends on the agreement between the company and the employee.
Most companies pay an allowance to their employees to compensate for the exchange loss.
You will have to ascertain the company policy for this purpose.
That depends on the agreement between the company and the employee.
Most companies pay an allowance to their employees to compensate for the exchange loss.
You will have to ascertain the company policy for this purpose.
20 September 2011
Ok Thanks for the reply
20 September 2011
Please confirm whether TDS has been deducted or not.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Sale of property furniture sale
- Applicability of Tax audit u/s 44AB of income tax act, 1961
- Question about eligibility for tax rebate u/s 87A
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
Trending Online Classes
CAclubindia
