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Tax-Exempt Special Cash Package in lieu of LTC to CG employees for purchase of GST-paid goods/services

October 15, 2020[2020] 120 taxmann.com 172 (Article)
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Leave Travel Concession (LTC) extended by an employer to an employee for going anywhere in India along with his family, is tax-exempt under section 10(5)to the extent provided in Rule 2B.The exemption is strictly limited to expenses on air fare, rail fare and bus fare only
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