Plan Your Investment

Are you planning a vacation for this year? or you have the habit of going for vacation every year to visit the good locations in India. That is indeed a good refreshment to relax from the every day work tension. Before planning for the vacation, lets understand the Leave Travel Allowance (LTA) exemption on your [...]

Employers, while assessing the conveyance and leave & travel allowance (LTA) claims of their staff, are under no statutory obligation to collect supporting evidence and furnish them to tax authorities, the Supreme Court said on Wednesday. A bench comprising Justice SH Kapadia and Justice Aftab Alam said that assessee employers are under no statutory obligation [...]