Business related foreign expenses can be claimed?

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azhagan (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

azhagan

azhagan (Querist)
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28 November 2013 Thank You Mr. Tushar Sampat

I understand this clearly but I need the opt Income tax Provision or any other rule

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