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We have a partnership firm. Can we go to a international business trip individually and deduct the expenses while filing ITR of the firm?

Submitted by LegalWizin on Mon, 11/04/2019 - 10:52

All such expenses which are incurred for business purpose can be deducted as expense in financial statements which will be clearly indicated or highlighted while filing the ITR of the firm. Partners should take care for all related provisions and rules as provided under Income Tax Act for the mentioned adjustment.

Hence international business trip can be deducted as expense of the firm.

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