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Thursday, April 20, 2017

LTC to Public Bank Employees for Travelling Abroad is subject to TDS

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Provisions of section 10(5) of were introduced in order to motivate the employees and also to encourage tourism in India and, therefore, the reimbursement of LTC/LFC was exempted, but, there was no intention of the Legislature to allow the employees to travel abroad under the garb of benefit of LTC available by virtue of s.10(5) […]

April 20, 2017 at 02:17PM

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from editor

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