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Exemption for Leave Travel Concession u/s 10(5) of the IT Act
Posted by Prashant Bhosale
07 May 2014
81002 Views
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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