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IS LTA TAXED

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(Querist)
30 December 2008 pls tell me is lta taxable
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CA Chaitanya

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CA Chaitanya (Expert)
30 December 2008 Ya it is taxable.
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CA Chaitanya

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CA Chaitanya (Expert)
30 December 2008 Amount spent by shortest route is exempt and the balance amount will be taxable.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 December 2008 For further details pl refer section 10(5) of the Income Tax Act,1961 read along with rule 2B of the Income Tax Rules,1962. Web site is www.incometaxindia.gov.in
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
31 December 2008 Amount spent by you are emempt and balance is taxable. Please refer section 10(5) of IT Act 1961 to know more details.

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