What is the Limitation of LTC expenses? or Dedcution
allowed in a year.............
Answer Posted / 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.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what are valuation accounts?
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
cany anyone explaing what are the functions of an Account Officer/Manager?
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...
Expand--------AA
Expand-------CSNA
Short Answer on __________Measurement
What is dematerialisation and its benefits?
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
Short Answer on _____________Whole Sale Trade
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
What is the journal entry for Call and a Put option both in the books of buyer and seller
What is DRA in bank reconciliation.