Foreign Travelling Expenses incurred by a partner/director twds. business tour exempted to which extent, i.e. What amt. of claim is exempted.
Mihir
(Wealth Manager)
(5293 Points)
Replied 07 November 2013
If the expenses incurred is for the development of the business, then this expenses shall be deductible.
CA Pallav Singhania
(IT System Auditor)
(33262 Points)
Replied 07 November 2013
Agree with Mihir ji,
If such expenses incurred for the development and the expansion of the Business then it can be allowed as deduction...
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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