LTA

This query is : Resolved 

07 March 2009 Mr. A is a partner of a firm. He makes a holiday trip for Rs.24000/-. Can the expense be claimed as LTA in the books of the firm? How is the effect to be given?

What will be the case if he is a sole proprietor of a firm?


08 March 2009 Tell me if there is employer-employee relationship to answer your Query


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