Business related foreign expenses can be claimed?
This query is : Open
22 November 2013
Dear members
One Mr. A Who is a Proprietor of ABC & Co in India, he went to Foreign country for attend a Exhibition.
This situation He Can claim the traveling expenses?
If He Claim what are the Supporting Documents should produce for the Income tax?
How Can he compute the Indian Currency value of the Foreign bills and others?
Kindly help me
One Mr. A Who is a Proprietor of ABC & Co in India, he went to Foreign country for attend a Exhibition.
This situation He Can claim the traveling expenses?
If He Claim what are the Supporting Documents should produce for the Income tax?
How Can he compute the Indian Currency value of the Foreign bills and others?
Kindly help me
22 November 2013
It must proved that the tour was for business only exclusively and not for any other purpose.
Documents like approval of visa for business purpose, then foriegn govt certification from concerned authority stating that you came for attending exhibtion, enrty fees rec paid for attending business exhibition...etc
Foriegn currency shall be converted on date of travelling and exchange rate as per RBI rate available on it website.
Documents like approval of visa for business purpose, then foriegn govt certification from concerned authority stating that you came for attending exhibtion, enrty fees rec paid for attending business exhibition...etc
Foriegn currency shall be converted on date of travelling and exchange rate as per RBI rate available on it website.
28 November 2013
Thank You Mr. Tushar Sampat
I understand this clearly but I need the opt Income tax Provision or any other rule
I understand this clearly but I need the opt Income tax Provision or any other rule
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