Director's Personal Expenses Like Foreign Travels

Hi,

If Company pays the foreign travelling exp (personal) of the Director and same is taxed in the hands of Director as a Perquisite then will it be allowable expenditure in the hands of company.

Thanks

An amount which is already taxed in the hands of the director cannot be taxed in the hands of the company.So, it is very much allowed

Company can allowed foreign expense but only when that expenses incurred for business pupose by its Director's under section 37(1) of the Income-tax Act, 1961.