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29 kwi 2021 · What type of travel expenses can be reimbursed in India? The common travel reimbursements in India include: Accommodation; Air and train tickets; Cab fare; Rental car; Meals; Miscellaneous travel expenses; Are travel reimbursements in India taxable? Most travel reimbursements and allowances will not be taxable in India, as long as they have a ...
23 maj 2022 · Where an individual incurs foreign travel expenses exceeding Rs 2 lakh during the year, he/she must disclose the amount of foreign travel expenses by filing the income tax return even if their income before deductions is below the basic exemption limit as per the Income Tax Act.
From the financial year 2019-2020, the standard deduction is Rs 50,000, which covers the transport and medical allowance. Thus, employees can claim the deduction of Rs 50,000 while filing their ITR without producing any bills or documents.
20 lut 2024 · Discover if pilgrims and travelers abroad for Hajj or other pilgrimages need to pay Tax Collected at Source (TCS) under Income Tax Law (Section 206C(1G)).
18 lut 2020 · Expenses related to travel anywhere within India can be claimed as tax-deductible. Foreign travel is not included. Read here to know more about.
18 maj 2023 · Once the rule comes into play Indian travellers will be subject to a 20 per cent tax collected at source by authorized banks or travel agents when making payments for international travel...
Travel expenses refer to the expenditure incurred on travelling for the purpose of carrying on any business or profession or employment. A taxpayer can claim the deduction for travel expenses while calculating their income from a particular source.
