23 August 2020
Jay traveled abroad on a business tour on 1 February 2019 and returned on 10 March 2019. He was provided 1000 EUR as a Daily allowance in his travel card. Jay spent 500 EUR abroad and remaining 500 EUR, he transferred in his Indian bank account on 15 July 2019. Is this 500 EUR taxable in FY 2019-20 or FY 2018-19? Please advise
CAclubindia
