21 November 2013
Hi , own vehicle use by employee is allowed for exemption for LTA ? If yes wat amount is eligible ? Is full amount of petrol bills can be exempt? Subject to maximum lta they get....
21 November 2013
Where the places of origin and destination are connected by rail and the journey has been performed using own vehicle then least of 2 will be exempt:- 1.AC 1st class rail fare by shortest route. 2. Actual amount spent
Hence full petrol bills can be claimed subject to above limit
CAclubindia
