Leave Travel Concession

  • Income Tax

CBDT prescribes limit & condition for exemption of value received in lieu of Travel Concession

CBDT prescribes limit & condition for exemption u/s 10(5) of value received by employee in lieu of Travel Concession. Limit…

3 years ago
  • Income Tax

Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees

Non-Central Government Employees also can now avail the benefit of income tax exemption on payment of cash equivalent of LTC…

4 years ago
  • Finance Ministry

FAQ on LTC Cash Voucher Scheme. Clarification on Special cash package in lieu of LTC

FAQ on LTC Cash Voucher Scheme. Clarification on Special cash package in lieu of Leave Travel Concession during Block 2018-21.…

4 years ago
  • Finance Ministry

Misinterpretation of LTC LTC voucher scheme benefits – Finance Ministry statement

Misinterpretation of LTC voucher scheme benefits - Statement of Ministry of Finance  Ministry of FinancePress Release 13 OCT 2020  A…

4 years ago
  • Income Tax

Concealment penalty for not offering LFC/LTC to tax under bonafide belief that it was exempt deleted

Concealment penalty for not offering LFC/LTC reimbursement to tax under bonafide belief that it was exempt as the employer did…

5 years ago
  • Income Tax

Employees LTC LFC claims for foreign travel not exempt u/s 10(5). Employer rightly treated assessee in default for non deduction of TDS – ITAT

Employees LTC LFC claims for foreign travel not exempt u/s 10(5). Employer rightly treated assessee in default u/s 201(1) and…

7 years ago