Income Tax — Concession/Exemption/Incentive/Rebate/Subsidy — Exemption
Leave Travel Concession (LTC) is exempted from income only when it is given/availed entirely for domestic travel within India. in view of the provisions of the Act, the moment employees undertake travel with a foreign leg, it is not a travel within India and hence not covered under the provisions of Section 10(5) of the […]
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