taxability of accomodation living expenses paid for foreigne
CA Sunil Kumar Jain P. (Chartered Accountants) (14 Points)
01 August 2008CA Sunil Kumar Jain P. (Chartered Accountants) (14 Points)
01 August 2008
Sneha R. Gujrathi
(Chartered Accountant)
(97 Points)
Replied 01 August 2008
YES IT IS TAXABLE IN THE HANDS OF UK NATIONAL AS IT IS ACCRUED AND PAID IN INDIA
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 20 August 2008
The accommodation, living expenses during the stay of the foreign consultant in Chennai, which could be for over two years, can be charged off as expenditure if it is directly settled by the firm in Indian rupees. It is not income for the foreign consultant.