Relocations expenses exempt from tax
This query is : Resolved
13 June 2013
Hi,
Assume an employee is relocating from US to India & is granted Rs.3 Lacs as relocation exps from his new employer in India. His travel airfare (incl. family) sums up to Rs.1,86,000/- & shipment of house-hold items via air fright Rs. 25,000/-
His offer letter in India is dated 2/Jun/13 & the travel dates are as follows:
Self: 15/Jun/13
Family: 7/Feb/13
House-hold Items: 9/May/13
Could someone tell the taxable relocation amt.?
Assume an employee is relocating from US to India & is granted Rs.3 Lacs as relocation exps from his new employer in India. His travel airfare (incl. family) sums up to Rs.1,86,000/- & shipment of house-hold items via air fright Rs. 25,000/-
His offer letter in India is dated 2/Jun/13 & the travel dates are as follows:
Self: 15/Jun/13
Family: 7/Feb/13
House-hold Items: 9/May/13
Could someone tell the taxable relocation amt.?
13 June 2013
Relocation Expenses is not taxable as its mere reimbursement expenses
14 June 2013
Hi Vinita,
Thanks for the reply.
Would like to inform you that I am certainly aware that Relocation Exps are not taxable but, my ques is quite tricky. Kindly go through the ques very carefully & please give me the appropriate answer.
Thanks for the reply.
Would like to inform you that I am certainly aware that Relocation Exps are not taxable but, my ques is quite tricky. Kindly go through the ques very carefully & please give me the appropriate answer.
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