TAX STRUCTURING - Corporate Catalyst India

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PENSION & MEDICAL FUND CONTRIBUTION “Whether Social Security Contributions made by employer in home country taxable in India?” 22
PENSION & MEDICAL FUND CONTRIBUTION Employees attached to parent company generally contribute to the social security schemes in home country. The employer contributes an equal amount to such funds. Tax treatment of employer‟s share to such funds is the subject matter of litigation in India The Supreme Court of India (i.e. apex judicial body) has decided that unless, by virtue of employer‟s contributions, the employee acquires vested rights in such social security funds, such contributions cannot be taxed in India Applying this analogy to contribution towards pension funds, wherein benefits are only available post retirement, it is clear that employees do not acquire any vested right in such pension fund during their term of employment. Thus, no taxability arises in India 23
Page 1 and 2: TAX STRUCTURING Key Issues For Fren
Page 3 and 4: Scope of Taxation Resident Non Resi
Page 5 and 6: Scope of Taxation OVERVIEW Arrival
Page 7: Taxable Income Salary & Allowances
Page 11 and 12: REGIONAL RESPONSIBILITY - CASE STUD
Page 13 and 14: 13 13
Page 15 and 16: A specific provision under the tax
Page 18 and 19: ACCOMMODATION “Can the lease arra
Page 20 and 21: Example ACCOMMODATION a) Cost of Em
Page 24 and 25: PENSION & MEDICAL FUND CONTRIBUTION
Page 26 and 27: TAX EQUALISATION “ An expatriate,
Page 28 and 29: TAX EQUALISATION - CASE STUDY Take
Page 31 and 32: REGULATORY ISSUES “ Is it possibl
Page 33 and 34: REGULATORY ISSUES Salary paid outs
Page 35 and 36: CCI - joint venture with SCS Global
Page 37 and 38: THANK YOU Sunil Arora I Director I
Page 39 and 40: EXCHANGE CONTROL REGULATIONS Extrac

TAX STRUCTURING - Corporate Catalyst India

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