08 February 2015
Sir/ma'am I am a bit confused that whether travelling expenses (foreign tour) is allowed to be debited for calculation of income u/h business profession Or not If yes, then could you tell me the reason
08 February 2015
It can very well be allowed provided 01 it relates to business 02. it relates to the previous year 03 it is incurred in the previous year 04. it does not involve any personal element and so on