tax perk calculation on foreign ltc
Sir,
I have availed foreign LTC tour to Singapore and all the expenses have been incurred by me. The reimbursement so made to me by my employer has been restricted to the farthest air point in India by Economy class. I would like to know my tax liabilities on foreign ltc tour even if I have been reimbursed for inland ltc.Should the perk calculation be treated in line with inland ltc.?
Asked on 3/19/08, 10:37 am
1 Answer from Attorneys
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: tax perk calculation on foreign ltc
Please contact a local lawyer who practices Income Tax.
Answered on 3/27/08, 3:39 am
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