Provision made for LTA and performance incentive
This query is : Resolved
11 December 2009
I have the below mentioned query.
ABC Ltd. was made the provision for LTA and performance incentive as on 31.03.2009.on the said amout TDS was not deducted.
Now my question is whether the said provisions are disallowed in computation of income? and if yes kindly provide the sections.
ABC Ltd. was made the provision for LTA and performance incentive as on 31.03.2009.on the said amout TDS was not deducted.
Now my question is whether the said provisions are disallowed in computation of income? and if yes kindly provide the sections.
11 December 2009
Under Income tax Act, An Assessee can claim deduction for LTA twice in block of 4 years, provided he should produce the bills of his travel.
14 December 2009
hi
Your answer is not in line with the query, request you to revert with appropriate solution - this is pertaining to provisions disallowed or not and not relating to how one can claim LTA
Your answer is not in line with the query, request you to revert with appropriate solution - this is pertaining to provisions disallowed or not and not relating to how one can claim LTA
16 December 2009
If TDS is not deducted then the assessee can not claim those expenses u/s.40(a)
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