leave travell concession
This query is : Resolved
05 September 2008
In some books, leave travel concession is made taxable for secified employees(V.K.Singhania student's guide page122), but nothing such is mentioned in neither income tax rules nor act. moreover, now perquisites falling under section17(2)(vi) are taxable for all employees.
Iam confused over this topic,please help me.
Iam confused over this topic,please help me.
05 September 2008
LEAVE TRAVEL CONCESSION IS EXEMPTED U/S 10(5) READ WITH RULE 2B. I DONT HAVE THE BOOK REFERRED RIGHT NOW TO CHECK PAGE 122.IT MIGHT HAVE MADE TAXABLE DUE TO NON SATISFACTION OF THE SUB RULES SAY FOR EX:-SUB-RULE-4
05 September 2008
LTC is exempt for specified employee for 2 yrs out of block of 4 years. I don't thing that it is made taxable in v k Singhania' Books. If you have seen than tell me the name wheather DTL or student guide or ready reckoner
Regards,
CA. Sandeep Aggarwal
Regards,
CA. Sandeep Aggarwal
05 September 2008
LTC is exempt for specified employee for 2 yrs out of block of 4 years. I don't think that it is made taxable in v k Singhania' Books. If you have seen than tell me the name wheather DTL or student guide or ready reckoner
Regards,
CA. Sandeep Aggarwal
Regards,
CA. Sandeep Aggarwal
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
