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What is the Limitation of LTC expenses? or Dedcution
allowed in a year.............
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Answer / sanjay mewada
ltc can be deductible from income tax if it has been taken in a block of two years. For, limit, you can take deduction of ltc which you can received from the employer in a block of two years. if u getting ltc every year, it is not deductible from ITax, it will be considered as your income.
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