relocation allowance
This query is : Resolved
27 September 2007
Hi,
I am facing a problem in relation to my client's policy of reimbursing the relocation expenses to it's employees in connection with their shifting base to NOIDA or GREATER NOIDA. They reimburse the actual expenses subject to the limit of Rs. 25000, both to new joiners and existing employees.
I am a bit confused with the FBT implications, applicability of Section 17(2) and that of Section 10(14) with Rule 2BB.
Kindly bless me with a professional advice.
Thanks and regads
CA Ahmer Ammar
I am facing a problem in relation to my client's policy of reimbursing the relocation expenses to it's employees in connection with their shifting base to NOIDA or GREATER NOIDA. They reimburse the actual expenses subject to the limit of Rs. 25000, both to new joiners and existing employees.
I am a bit confused with the FBT implications, applicability of Section 17(2) and that of Section 10(14) with Rule 2BB.
Kindly bless me with a professional advice.
Thanks and regads
CA Ahmer Ammar
28 September 2007
Mr Ahmer
In my opinion, relocation expenses reimbursed by the company shall be liable to FBT only and will not be taxable in the hand of employees.
In my opinion, relocation expenses reimbursed by the company shall be liable to FBT only and will not be taxable in the hand of employees.
29 September 2007
reimbursement of expenses covered u/s 115WB(2) and not treated as perquisite u/s 17(2). Liable for fbt
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
