Our company has one foreigner, he came to India in 2010.
now he lives here more than 1year so he is resident.
and he got employment visa for 1year and wanted to renew it .
For this, income tax return copy is compulsory.
But we receive the salary from outside of India.
so there is no any bank statement in India bank .
But for visa extension, bank statement & income tax return is compulsory.
We will pay income tax. we will assume the salary monthly is 1lac 10,000Rs.
But I want to know how to treat the bank statement submission?
Is it possible from company to employee give the salary and again employee return that money to company's account?
If income tax officer come for audit, this can be problem or not?
Please tell us best suggetion for this.
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Whether you have got clarified in this issue? If not please inform.