Ltc exemption
This query is : Resolved
11 June 2014
As per the provision (sec 10(5)), actual airfare or trainfare is exempted twice in a block of four years anywhere in India (2014 to 2017 is one block) for self and family.
Query is if a person travel abroad say, Singapore , then what will be the amount exempted under the above section 10(5) ? Is there any circular from Board?
Query is if a person travel abroad say, Singapore , then what will be the amount exempted under the above section 10(5) ? Is there any circular from Board?
12 June 2014
Actual train fare/air fare in economy class of the national airlines for travel within India is only exempt subject to certain other restrictions like kilometers
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
