hi every one,
I have issue on LTA exemption
one of our employee has travelled to tirupathi with 6 members in the month of march 2008
whether he can claim LTA.
Please help me.
Aakhri Pasta
(Hell Froze Over)
(171 Points)
Replied 17 March 2009
Yes he can avail LTC exemption u/s 10(5) of The IT Act,1961 inrespect of his spouse, children & dependent parents, brothers and sisters.