https://www.taxtmi.com/caselaws?id=325098 The Tribunal upheld the decision that Leave Travel Concession (LTC) payments involving foreign travel are not exempt under section 10(5) of the Income Tax Act. The employer was held liable for not deducting Tax Deducted at Source (TDS) on LTC payments with foreign destinations, emphasizing the obligation to deduct TDS based on complete travel details available during LTC bill settlement. The Tribunal also confirmed the correct tax rate application for TDS on LTC payments and rejected the argument that a Circular exempted the assessee from TDS liability retroactively. en-us Fri, 04 Mar 2016 00:00:00 +0530 Thu, 10 Mar 2016 08:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325098 The Tribunal upheld the decision that Leave Travel Concession (LTC) payments involving foreign travel are not exempt under section 10(5) of the Income Tax Act. The employer was held liable for not deducting Tax Deducted at Source (TDS) on LTC payments with foreign destinations, emphasizing the obligation to deduct TDS based on complete travel details available during LTC bill settlement. The Tribunal also confirmed the correct tax rate application for TDS on LTC payments and rejected the argument that a Circular exempted the assessee from TDS liability retroactively. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325098