LTA claim
This query is : Resolved
24 March 2010
If employee provides Bill of Car hired, can we give him exemption on the basis of railway fare rate of first class A.C.
e.g. he has travelled 2500 k.m. No. of persons 4 (self,spouse, and dependent parents) and bill is of Rs. 20000/-(Rs.8 per km). First class A.c. Rate per person is Rs. 3065/- which comes to Rs. 24520/-. since actual exp. is Rs. 20000/- it will be fully exempted.
Pl. advise
e.g. he has travelled 2500 k.m. No. of persons 4 (self,spouse, and dependent parents) and bill is of Rs. 20000/-(Rs.8 per km). First class A.c. Rate per person is Rs. 3065/- which comes to Rs. 24520/-. since actual exp. is Rs. 20000/- it will be fully exempted.
Pl. advise
24 March 2010
20000 will be exempt
CA SANJAY MUKHERJEE
(Expert)
24 March 2010
Agree with expert Devanshi.
CA Ravi Sisodia
(Expert)
24 March 2010
Agree
CA Ashok Kumar Sahu
(Expert)
25 March 2010
agree with expert
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