Friends
I wanted to know from yourselves why LTA exemption under section 10(5) read with Rules is denied to a salaried tax payer if he/she visits to a place out of India. What is the rationale behind this stipulation.
Regards,
Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
11 January 2014Friends
I wanted to know from yourselves why LTA exemption under section 10(5) read with Rules is denied to a salaried tax payer if he/she visits to a place out of India. What is the rationale behind this stipulation.
Regards,
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)