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Articles by Prashant Bhosale

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Exemption for Leave Travel Concession u/s 10(5) of the IT Act

  Prashant Bhosale    07 May 2014 at 12:03

Section 10(5) of the Income Tax Act, 1961 (along with Rule 2B of the Income Tax Rules) governs calculation of tax exemption on LTA. Each year organizations face significant difficulty while calculating tax exemption on LTA when they carry out the yea

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