Tax
Exemption on Leave Travel Allowance
Your
article in the Hindu BL on 25.11.2012 - Regarding
------------------------------------------------------------------------------
Thank you
very much for the educative article on Tax Exemption on LTA. Madam, I would like
to know the tax exemption provision for the yearly home town LTA being given to
persons posted to North Eastern States, Andaman & Nicobar, Lakshadweep or
Sikkim and for first 8 years for fresh recruits in the Government.
I
understand that the amount of investment vis-à-vis employment generated is high
in “Tourism” and to encourage Tourism taking into account the employment
generating potential, the government can consider higher tax exemption without
restricting the same to expenses on travel per se, i.e., to cover expenses on
stay, food, sight-seeing, and so on. The Hon’ble Finance Minister can consider
additional amount depending on the number of persons travelled on LTA. I am
confident that an article on these lines in Business Line will bring desired
response in the ensuing budget.
With regards,
Vijayasenan. P
L6 Lotus Colony
Nandanam
Chennai
600035
What is LFC Tax means
ReplyDelete