L.T.A.
This query is : Resolved
MANOJ KUMAR JAIN
(Querist)
20 July 2010
L.T.A GIVEN BY A LIMTIED COMPANY TO THEIR EMPOLYEES/DIRECTORS IS TAXABLE IN HANDS OF EMPLOYESS/DIRECTOR
THANKS
THANKS
20 July 2010
LTA is taxable in the hands of the employees or directors...
however out of the block of 4 years 2 years can be claimed as exemption for the actual expenses incurred for travel
however out of the block of 4 years 2 years can be claimed as exemption for the actual expenses incurred for travel
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