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L.T.A.

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(Querist)
20 July 2010 L.T.A GIVEN BY A LIMTIED COMPANY TO THEIR EMPOLYEES/DIRECTORS IS TAXABLE IN HANDS OF EMPLOYESS/DIRECTOR

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srinath

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srinath (Expert)
20 July 2010 LTA is taxable in the hands of the employees or directors...

however out of the block of 4 years 2 years can be claimed as exemption for the actual expenses incurred for travel

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