Q.

Leave travel concession is _________

A. Exempt up to lower of the amount actually spent or the prescribed limits.
B. Exempt fully to the extent actually spent
C. Exempt to the extent of lower of allowance received or the lump sum amount prescribed, irrespective of actual expenditure.
D. Fully taxable
Answer» A. Exempt up to lower of the amount actually spent or the prescribed limits.
1.4k
0
Do you find this helpful?
7

View all MCQs in

Direct Tax

Discussion

No comments yet