https://www.taxtmi.com/news?id=23316 Income-tax exemption is extended to deemed LTC fare paid as cash equivalent to non-Central Government employees provided the employee opts for deemed LTC in the 2018-21 block, spends three times the deemed LTC fare on goods or services with GST of at least 12% from GST-registered vendors through digital payments within the specified period, and furnishes vouchers/invoices; failure to meet the expenditure requirement reduces the payment and exemption proportionately and DDOs will verify invoices, while employees under the concessional tax regime are ineligible. en-us Fri, 30 Oct 2020 09:37:39 +0530 Fri, 30 Oct 2020 09:37:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23316 Income-tax exemption is extended to deemed LTC fare paid as cash equivalent to non-Central Government employees provided the employee opts for deemed LTC in the 2018-21 block, spends three times the deemed LTC fare on goods or services with GST of at least 12% from GST-registered vendors through digital payments within the specified period, and furnishes vouchers/invoices; failure to meet the expenditure requirement reduces the payment and exemption proportionately and DDOs will verify invoices, while employees under the concessional tax regime are ineligible. News - Fri, 30 Oct 2020 09:37:39 +0530 https://www.taxtmi.com/news?id=23316