LTA TREATMENT ACCORDING TO INCOME TAX

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2011 NAMASKAR EVERY MEMBER OF C.A CLUB

SIR I WANT A HELP REGARDING LTA
OUR COMPANY IS PVT. LTD COMPANY AND LTA PAID EVERY YEAR OUT OF SALARY SO
LTA TAXABLE OR EXAMPTED IN F.Y 2010-11
PLEASE ADVISE ME. AS SOON AS POSSIBLE

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
Follow

18 February 2011 Leave Travel Concession u/s 10(5)is exempted in respec of Two Journey performed in a block of four Calender year.

The Block is 2010-13(1.01.2010 to 31.12.13)

The assessee can chose any two journey from Block of 2010-13

Message likes : 1 times

Guest

Guest (Expert)

18 February 2011 Perfect advide from Mr. Sanganeria.

Upgrade to CAclubindia Pro. Subscribe Now!