Hi
I have following query: -
Current block for LTA is from 01.04.06 till 31.03.09 (i.e 4 yrs). employee avails LTA only twice in a 4 years block , then bal amount of LTA is carried to nxt block.If employee does not avail LTA , till how much period can his LTA be c/fwd ? is there any timelines for this ? when it will be paid to employee?
- what will be the entries for above ?
CAclubindia
