Foreign travel

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2014 Dear Sir / Madam,

I'd like to ask you whether the Business Visa Fees paid by the company on the director children, and foreign travel expenses are allowable expenditure.

thanks in advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 April 2014 Section 10 of the Income Tax Act, 1961, provides exemption of LTA/LTC provided by the employer to the employee who goes on a vacation with his or her family anywhere in India. Foreign destinations are not included. Hence the above expenses incurred on Director's children on foreign travel are not allowable expenditure.