FOREIGN TRAVEL EXPENSES????????

Only partners expenditure is allowed in income tax if it is business related expenditure.

Agree with Siva..foreign travel expenses of the partners are only allowable and that too only if they are related to the business of the firm, it is upto the firm to establish the fact that the expenses are infact  business related and are not personal in nature.

However there have been cases for example  Bombay tribunal in   Glaxolaboratories (India) Ltd Vs Second ITO (1986) 18 ITD 226, travel expenses of the  chairman's wife on a foreign trip have been allowed when she was accompanying him on a business trip also in the case of CIT Vs Sundaram Clayton 105 Taxman 545 a similar view has been taken.

Again it depends on a case to case basis based on the facts of the case.

what will happen if the expenditure in foreign currency is not shown