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Disclose details of Foreign Travel In Income Tax Return (ITR)

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 :-

  1. Passport Number of the Assessee
  2. Place of Issue of Passport
  3. Country visited during the year
  4. Number of times visited
  5. In case of a resident, expenses incurred from own sources, if any, in relation to such travel

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
(1) (2) (3) (4)
1.
2.

 

Categories: Income Tax

View Comments (18)

  • a rule brought without professional thinking.

    why has the kyc and pan and aadhar compulsion campaign/activities carried out for past so many years when now govt thinks on asking for bank account details.

    is kyc/pan/aadahar not sufficient to know bank details.

    what about foreign travellers who have genuinely paid all amounts by cheque from saving banks as hardly reputed travel firms in india and or abroad operating in india deal in cash payments.
    this sounds unprofessionalism on part of the concerned departments or who knows after foreign trips by mnisters made with tax payers money (especiually made to swiss for the balck money slashed in the eu havens) the govt. thinks that tax payers can be taken for a ride.

    apparently will give rise to public keeping money in pots under the earth as in olden timEs and avoid keeping money in banks.
    better scrap THIS UNWANTED TIME AND MONEY WASTING LAWS. we await the official announcement of the real U-TURN formally by the government rather wasting time. is this ''SABKA SAATH SABKA VIKAAS''THE PM HAS BEEN INFORMING TIME AND AGAIN SCRAP UNWANTED RULES/LAWS BUT THIS IS THE INTRODUCTION OF NEW UNWANTED LAW.!!!!

  • How to file by a senior citizen who has come to USA a for a temporary stay until August 2015 and what is the due date. FORM AS 26 COULD NOT BE VIEWED FROM USA. HENCE TAX DEDUCTED BY COMPANIES ON DEPOSITS IS NOT KNOWN

  • what would be done if the employer is an sole proprietorship incurred foreign travel expenditure for his employee. Then in this is it required to show in the schedule FT or can directly shown as a business expenditure.

    If the same employer incurred the foreign travel expenditure for himself for the business purpose wheather this is required to show under schedule FT or not

    please clarify me

  • If It is below 2 lakh all expenses of Foreign Tour.
    And it is personnel tour of Holidays of Individuals and self employment peoples.If mandetory to Disclose in ITR. How & where to enter the such details, what details to show them.

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