TMI BlogLTA -ExemptX X X X Extracts X X X X X X X X Extracts X X X X ..... As per CTC, company has to pay LTA. LTA is exempt twice in a block of four years. Employee submits the Invoices for his travel twice in a block of four years. The Invoices turns out to be fake. What i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s the liability on the Employer Company ???? Since, it is exempt twice in a block of four years, company has not deducted tds on it. Whether the LTA paid by the company will get disallowed ????? - Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply By Ashwani Rustagi - The Reply = The benefit of LTC exemption under section 10(5) is available to an individual employee. Also, there is no circular of CBDT requiring the employer under sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 192 to collect and examine the supporting evidence to the declaration to be submitted by the employee. Threrefore, it was held that the assesse-employer was under no statutory obligation to colle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct the evidence to show that its emplyees had actually utilized the amounts paid towards leave travel concession. Refer to decision of the Supreme Court of India in the case of Commissioner of Incom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Tax Vs. Larsen Toubro Ltd . - LTA -Exempt - Query Started By: - Siraj Shaikh Dated:- 21-6-2012 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ost by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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