Mohit Bothra (Service) (58 Points)
08 October 2012Dear All,
With regard to availing of leave travel concession under sec 10(5) of Income Tax Act, is there any quantum of amount mentioned in the act for a block of 4 years.
Also send me the link for the related circular/notification/rule for the same.
Thanking you,
Gunjan Tulsyan
(Article)
(222 Points)
Replied 08 October 2012
According to me there is a limit and i will send u the link in a while..!!!
Shailesh I. Puranik
(Manager - Finance & Accounts)
(23 Points)
Replied 24 December 2012
Sonu Kumar
(Account Manager)
(665 Points)
Replied 24 December 2012
Actuall Expenditure Incurred on Shortest Route By Economy Class of Air or 1st Class ac by Train, Travelled Within India Will be Exempt.
CAclubindia
