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Taxation of Leave travel assistance &TDS

This query is : Resolved 
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(Querist)
03 October 2008 The wording of section 10(5) of Income tax Act is " LTA received or Due".

Thus, LTA is also be taxed on due basis.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
03 October 2008 The problem is you will be eligible to claim only on incurrence, as per your statement. That is it becomes due only when the claim is made.

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