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Foreign travel

This query is : Resolved 

Querist : Anonymous

Querist : Anonymous (Querist)
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

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.

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