Taxability of travelling expenses

[velayutham panchatcharam]

I am working in MNC. Somany expats are working in my company. As per work agreement an expat can go and come for home lease for every six months and travelling exp for the same, company will bear including wife and kids exp. Please clarify with law that travelling exp need to be included in that person's personal income tax.

[Rama Krishana]

New valuation rules after withdrawn of FBT are expected to come. But, as of now, there is no personal liability of such expat as long as such expenses is incurred by the company.

[velayutham panchatcharam]

Could you please give me the law?

AI Summary

Inquirer Seeks Clarity on Taxability of Company-Covered Expat Travel Expenses Amid Potential New Valuation Rules An individual working at a multinational company inquires about the taxability of travel expenses for expatriates, which the company covers for home visits every six months, including expenses for their family. A respondent clarifies that currently, there is no personal tax liability for the expatriate as these expenses are borne by the company, although new valuation rules might be introduced following the withdrawal of the Fringe Benefit Tax (FBT). The inquirer requests further clarification on the specific legal provisions.