A network-related or instance-specific error occurred while establishing a connection to SQL Server. The server was not found or was not accessible. Verify that the instance name is correct and that SQL Server is configured to allow remote connections. (provider: Named Pipes Provider, error: 40 - Could not open a connection to SQL Server) HOW TO ENABLE DARK THEME ON WHATSAPP WEB, Electronics & Gadgets : Today Indya

Latest News

  • Home
  • National
  • Bad news for salaried! Your daily travel allowance will be taxed now if you fail to submit actual bills
Bad news for salaried! Your daily travel allowance will be taxed now if you fail to submit actual bills
Tuesday, July 3, 2018 IST
Bad news for salaried! Your daily travel allowance will be taxed now if you fail to submit actual bills

Are you a salaried person and get daily allowances from your company while on official tour either in India or abroad? Then better keep the evidence of actual expenses incurred, otherwise you will have to pay tax on it.

 
 

Are you a salaried person and get daily allowances from your company while on official tour either in India or abroad? Then better keep the evidence of actual expenses incurred, otherwise you will have to pay tax on it. The Andhra Pradesh High Court has recently ruled that allowance paid to employees for meeting personal expenses is taxable as perquisite, and the employer is liable to deduct taxes on it.
 
The Case
 
Sun Outsourcing Solutions Private Ltd (Sun India / applicant), a private limited company having its office in Hyderabad and branch office at London, UK, deputed employees from India to work in its branch office, besides employing non-resident Indians (NRIs) in the UK. The employees continued to be on the payroll of Sun India and received salary in India. Boarding and lodging allowances were paid as a lump-sum in the UK. The salary payments for the NRIs were paid in the UK. Sun India continued to operate withholding taxes on the salary paid in India. However, taxes were not withheld on allowances paid in the UK to employees and salary payments made to NRIs employed overseas.
 
According to a Deloitte note, the Assessing Officer (AO) charged taxes on the allowances and salary payments made in the UK besides levying interest thereon for assessment years 2000-01 to 2003-04. Aggrieved by the order of AO, Sun India filed appeals before the Commissioner of Income-Tax, Hyderabad [CIT (A)] where the CIT (A) set aside the demand to the extent such demand was in relation to the salary payments made to NRIs. The CIT (A) upheld the orders of the AO with regard to the boarding and lodging allowances paid to resident employees with a direction to consider the particulars furnished/ to be furnished and applying appropriate rate of tax as applicable to different employees.
 
The orders of the CIT(A) were challenged by Sun India before the Income-Tax Appellate Tribunal, Hyderabad, which dismissed the appeal. Aggrieved by the aforesaid decision of the Tribunal, the applicant filed petition(s) before the Andhra Pradesh High Court.
 
HC Ruling
 
The HC upheld the contention of tax authorities that any allowance paid to the assessee to meet his personal expenses at the place where the duties of his office are ordinarily performed is not exempt under the Income Tax Act. And, for an allowance to be exempt, it should have specifically been granted wholly in performance of duties.
 
It ruled that applicant is legally bound to deduct taxes in absence of any certificate obtained from employee so as to not to deduct tax or deduct tax at lower rate and exemption, if valid, can be claimed by the employee on submission of necessary evidence before the tax officer.
 

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Pocophone F1 to be the fastest handset in its class, Snapdragon 845 confirmed

Two days ago Xiaomi teased the arrival of its new

Recently posted . 22K views . 4 min read
 

 Article
The Top 5 Best USB/PD Phone Charger in India 2023

View Top 5 Mobile Chargers in India as on 08 Feb 2023. This rundown is compiled according t...

Recently posted . 6K views . 6 min read
 

 Article
Asus TUF Gaming FX505DY, TUF Gaming FX705DY Laptops Launched in India With AMD CPU and GPU

HIGHLIGHTS   • Both laptops use the AMD Ryzen 5 3350H CPU and Radeon RX 560 GPU • The...

Recently posted . 5K views . 2 min read
 

 Article
India's Top 5 Mobile Charger manufacturer Brand 2019

The following list of India's Top 5 Mobile Charger manufacture Brand 2019  

Recently posted . 4K views . 0 min read
 

 
 

More in National

 Article
BS6 Toyota Innova Crysta launched at Rs 15.36 lakh

In BS6 form, the Toyota Innova Crysta's 2.8-litre diesel motor is discontinued, but carmaker retains the 2.4 diesel; prices spike by Rs 11,000-1,12,000.

Recently posted. 833 views . 1 min read
 

 Article
5 cruiser motorcycle alternatives for those who DON’T like Royal Enfields: Bajaj Avenger to UM Renegade

We Indians love big, burly cruisers. With the noise they make, complete with all the bling they carry, cruisers definitely have something that’s hard to resis...

Recently posted. 1K views . 5 min read
 

 Article
Dual display and Wear OS-packing Ticwatch Pro smartwatch now on sale via Amazon

Smartwatch maker Mobvoi launched its latest product, the TicWatch Pro in May 2018. The smartwatch has now officially gone on sale via Amazon with shipping available...

Recently posted. 1K views . 2 min read
 

 Article
Yamaha Cygnus Ray ZR Street Rally Edition Launched at Rs 57,898, Inspired from the MT-09

The Yamaha Cygnus Ray ZR ‘Street Rally’ Edition continues to draw power from an air-cooled, 4-stroke, SOHC, 2-valve, 113cc engine that comes with a co...

Recently posted. 1K views . 1 min read
 

 Article
If you have this VPN app on your phone delete it immediately!

With 100 million installations, SuperVPN is very popular but it also has critical vulnerabilities that makes it very dangerous

Recently posted. 972 views . 0 min read
 

 
 
 

   Prashnavali

  Thought of the Day

You Never Know Which Footstep Will Bring a Good Twist in Life. So Keep on Walking!!!
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top