Provision made for LTA and performance incentive
This query is : Resolved
11 December 2009
I have the below mentioned query.
ABC Ltd. was made the provision for LTA and performance incentive as on 31.03.2009.on the said amout TDS was not deducted.
Now my question is whether the said provisions are disallowed in computation of income? and if yes kindly provide the sections.
ABC Ltd. was made the provision for LTA and performance incentive as on 31.03.2009.on the said amout TDS was not deducted.
Now my question is whether the said provisions are disallowed in computation of income? and if yes kindly provide the sections.
CA Anand Sarda
(Expert)
11 December 2009
Under Income tax Act, An Assessee can claim deduction for LTA twice in block of 4 years, provided he should produce the bills of his travel.
14 December 2009
hi
Your answer is not in line with the query, request you to revert with appropriate solution - this is pertaining to provisions disallowed or not and not relating to how one can claim LTA
Your answer is not in line with the query, request you to revert with appropriate solution - this is pertaining to provisions disallowed or not and not relating to how one can claim LTA
16 December 2009
If TDS is not deducted then the assessee can not claim those expenses u/s.40(a)
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
