Supreme Court: Leave Travel Concession Exclusive for India Travel; TDS Will Be Deducted From LTC for Foreign Travel

The supreme court of India has announced that a leave travel concession or LTC is not meant for foreign holidays and it is only meant for travel holidays within India. The moment any employee goes for a foreign trip i.e. holiday outside the Indian borders, they will no longer be eligible to be covered under the provisions of section 10(5) of the income tax act. The court has dismissed the ap...