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Proof of travel not required for claiming LTA: SC
Case Law Details
- Case Name
- Commissioner Of Income Tax Vs M/S Larsen & Toubro Ltd (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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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 to collect bills and details to prove that the employees had utilised the amounts obtained against these claims on travel and related expenses. According to prevailing rules, if claims on LTA and conveyance are not s...
Dear Sir,
Is submitting proof of travel necessary for claiming LTA? Does the SuprememCourt ruling in the L&T case still stand? If I take LTA every year, will I be taxed every year for it? Please give me some clarification as my office is saying that whatever we do if we do not give proof of travel we will have to pay tax on LTA claims.
Thank you,
With regards,
Arindam Mukherjee
i am senior citizen i am deposit the money on state bank of india (fixed deposir plan 14.10.08 for 3years i am earn interst 17322.00 in three years our banker deduct the tds rs 2124 .pls suggest that is income tax rule ithink this is wrong because as per the tds deduction rule income is more than 10000.00 with in one year but the above interst earn with in three year rs 17322.00.pls advice that the bank is right.
Manohar Singh
mr rn lakhotia is known as tax guru in india.