Leave Travel Allowance as per 10(5)
This query is : Resolved
M. A. Imran
(Querist)
16 June 2010
Hi,
A software co. is giving LTA to its employees and they are accepting travel bills within the state n giving exemptions for income tax. Can they do so???
Please provide reply with reference.
Thank u...
A software co. is giving LTA to its employees and they are accepting travel bills within the state n giving exemptions for income tax. Can they do so???
Please provide reply with reference.
Thank u...
CMA Ramesh Krishnan
(Expert)
16 June 2010
LTA describing the travel with in India only. Not within the state. so it is ok
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