Nirav (Tax preparer) (74 Points)
12 January 2010My friend worked in US company for 7 months. Now he is in India.Whatever expenses he did in seven months related to business including travelling expenditure from US to India is reimbursed by US Company and amount is directly deposited in his bank account in India.
Is that amount of reimbursement taxable in India?
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 12 January 2010
I think NO, it is not taxable in India as the same is expensed out also.
sunil
Amir
(Learner)
(4016 Points)
Replied 12 January 2010
Dear Nirav,
REIMBUSEMENT OF ACTUAL EXPENSES INCURRED FOR OFFICIAL PURPOSES IS NOT TAXABLE...
Excel Mastery Program
CAclubindia
