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 12:03Section 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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