Taxable amount on Personal spending in business trip


This query is : Resolved 

Quick Summary
This discussion clarifies whether personal expenses incurred during a business trip, such as airfare for a personal excursion, can be claimed as tax-exempt. The consensus is that personal trips, even when combined with business travel, are not eligible for tax exemption. Only the portion of expenses directly attributable to the business purpose of the trip can be considered for tax purposes.

04 January 2024 Hi, This is regarding opinion on the eligibility of taxable exemption against the DA on Business trip.
One of our member went for business trip for a week to Germany and in between he went to personal trip
spend amount on air ticket from the portion of DA amount
Now requesting to exempt the same air ticket amount considering part of business trip.
would the personal trip can be considered part of business trip and provide exemption- Request conclusive opinion.


Regards
vijay

04 January 2024 No, Personal trip can't be claim as Travelling Expenditure...

04 January 2024 Thank your raja for swift reply. i would like to note is there any provisions pertains to this in IT specific section

04 January 2024 Personal consumption can't be part of business expenses. It's in all the ways in every statuotary even income tax and Indirect laws.

04 January 2024 The reimbursed amount is exempt from tax for the employee. There is no deduction for travelling expenses incurred on personal trips. In the case of combining personal trips with business trips, a deduction is available only for the portion attributable to the business


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query