Dear Seniors,
My company sent me abroad for a short time (45 Days) for a work in Business Visa. They given me 2000 USD and I used only 600 USD. Managed my expenses somehow and the 2000 USD is calculated based on per day expense on food and others except accommodation. So, is it possible for me to take the money or Do I have to surrender the money to the company? For the 600 USD I have the bills but as I saved the money in interest, am I eligible to take it with me? Please help me...
Regards,
Arun.E
From Italy
My company sent me abroad for a short time (45 Days) for a work in Business Visa. They given me 2000 USD and I used only 600 USD. Managed my expenses somehow and the 2000 USD is calculated based on per day expense on food and others except accommodation. So, is it possible for me to take the money or Do I have to surrender the money to the company? For the 600 USD I have the bills but as I saved the money in interest, am I eligible to take it with me? Please help me...
Regards,
Arun.E
From Italy
Hi,
Of course, Arun, you need to surrender monies not used, if its "On Account/Advance Basis" basis. Usually these are given as petty cash given for business visits to meet its expenses.
Besides, also note that there is a policy called "Per diem basis". If you were paid the allowance on "Per diem basis", all the you have saved is your income. Enjoy it. Also, remember, such money will have to account it as a part of your income declaration for taxation purpose, since you have stayed aboard only for 45 days.
Ukmitra
From Saudi Arabia, Riyadh
296Of course, Arun, you need to surrender monies not used, if its "On Account/Advance Basis" basis. Usually these are given as petty cash given for business visits to meet its expenses.
Besides, also note that there is a policy called "Per diem basis". If you were paid the allowance on "Per diem basis", all the you have saved is your income. Enjoy it. Also, remember, such money will have to account it as a part of your income declaration for taxation purpose, since you have stayed aboard only for 45 days.
Ukmitra
From Saudi Arabia, Riyadh
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