Under Director's remuneration, where LTA is proposed to be paid to a Director, will it cover travel only in India or foreign travel can also be part of LTA and under what section of the act is this covered?
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 13 October 2008
As far as IT Act is comncerned, it is travel within India.
CAclubindia
