Ltc exemption
This query is : Resolved
11 June 2014
As per the provision (sec 10(5)), actual airfare or trainfare is exempted twice in a block of four years anywhere in India (2014 to 2017 is one block) for self and family.
Query is if a person travel abroad say, Singapore , then what will be the amount exempted under the above section 10(5) ? Is there any circular from Board?
Query is if a person travel abroad say, Singapore , then what will be the amount exempted under the above section 10(5) ? Is there any circular from Board?
12 June 2014
Actual train fare/air fare in economy class of the national airlines for travel within India is only exempt subject to certain other restrictions like kilometers
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