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?
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.
CAclubindia
