CA Sandeep Kanoi
CBDT has vide Notification No. 41/2015 requires Assessee to Disclose in Schedule FT of ITR Details of foreign travel and expenses incurred during the year by the Assessee.
This schedule is required to be filled if the assessee has undertaken any foreign travel during the previous year. The countries visited and the number of times it was visited during the previous year is to be filled up. Further, mention the expenses incurred from own sources of income in such trip i.e. other than expenses incurred by the employer or any other person being a sponsor.
Schedule Requires Following Details :-
Format of Schedule FT- Details of foreign travel and expenses incurred during the year is as follows :-
|Passport Number||Issued at|
|Sl.||Country visited during the year||Number of times visited||In case of a resident, expenses incurred from own sources, if any, in relation to such travel|