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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- E way bill for tractors
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
