Travelling expenses

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Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 if travelling expenses done by proprietor or owner of the organization then is it duducted from net profit??
or it is considered with drawing a/c!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 November 2014 If it is fr the purpose of business it is deductible.

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 tx for ur reply but i have another query says what is the major difference between travellin,conveyance and transportation expenses??
and it is under which group?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 November 2014 Travelling is for purpose of business to any place. Conveyance is for traveling from home to office and back.
Transportation is movement of goods.

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 suppose i given1000 rs to my employee for the business visit from mumbai to chennai...someware i heard that the cost of travelling include only fare between mumbai and chennae......but in chennai,he caught auto and bus...the expenses on fair on bus and auto is a conveyance and train fair between mumbai to chennai is travelling expense..is it right??

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 actually 1000 rs is given for business purpose....so totally amount considered as travelling exp?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 November 2014 Travelling expenses includes all modes of travel but stay expenses incurred on official tour has to be booked separately under boarding and lodging expenses.

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