08 February 2015
Sir/ma'am Sir/ma'am I am a bit confused that I am a bit confused that whether travelling expenses (foreign whether travelling expenses (foreign tour) tour) is allowed to be debited for is allowed to be debited for calculation of income u/h business calculation of income u/h business profession profession Or not If yes, then could you Or not If yes, then could you tell me the reason tell me the reason
08 February 2015
It is very much allowed provided it satisfies the tests of residuary section 37. For the business During the previous year Relates to the previous year No personal element and so on.