HOTEL & BOARDING EXP ON TOUR IS TAKEN IN TRAVELLING EXP FOR FBT OR NOT

CA. BIJENDER KR. BANSAL (ACA, B.COM) (8148 Points)

17 November 2007  

Whether  foreign currency taken for the purpose for foreign tour & travelling expense is to be included in Tour & travelling expenses i.e Value of FBT will be taken 5% or not.

I.e in case of travelling expenses, only tickets amount is considered for  Tour & Travelling expense for the purpose of value of FBT, other hotel, boarding & lodging expenses is to be taken in tour & travelling expense or not.

Please help asap.