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Thursday, January 29, 2009

RE: {PassionHR} you don't need proof to claim LTA

Dear All,

 

 

My company asked me to make a hr plan for full year and presentation on that so please guide me how to do that what all part & section I need to include in that .plz your quick help will be appreciated.

 

Thanks & Regards

Swati Saxena

 

From: PassionHR@yahoogroups.com [mailto:PassionHR@yahoogroups.com] On Behalf Of Ponnuswamy VP
Sent: Friday, January 30, 2009 9:44 AM
To: PassionHR@yahoogroups.com
Subject: Re: {PassionHR} you don't need proof to claim LTA

 

Dear

is only for LTA or for all other Allowances like Medical, because in the same judgement, it is mentioned as that " No CBDT circular requires employer to examine evidence".

Some people interpret that Employer need not verify Medical bills. Is it Correct?

 

Rgds

Ponnu

--- On Thu, 29/1/09, Bhupal Singh <bhupalwalia@gmail.com> wrote:

From: Bhupal Singh <bhupalwalia@gmail.com>
Subject: Re: {PassionHR} you don't need proof to claim LTA
To: PassionHR@yahoogroups.com
Date: Thursday, 29 January, 2009, 8:46 PM

Dear

does it apply to govt. employees also???

Bhupal Sing

9910477499

2009/1/29 rooprajinder singh <roop_rajinder@ yahoo.com>

 

Now, you don't need proof to claim LTA, conveyance
29 Jan 2009, 1254 hrs IST, Sanjay K Singh, ET Bureau

NEW DELHI: Employers, while assessing the conveyance and leave & travel allowance (LTA) claims of their staff, are under no statutory obligation to collect supporting evidence and furnish them to tax authorities, the Supreme Court said on Wednesday.

A bench comprising Justice SH Kapadia and Justice Aftab Alam said that assessee employers are under no statutory obligation to collect bills and details to prove that the employees had utilised the amounts obtained against these claims on travel and related expenses.

According to prevailing rules, if claims on LTA and conveyance are not supported by journey bills, they would be taxed. For instance, on an LTA allowance of Rs 1 lakh, if documentary proof such as air tickets, taxi vouchers and other public transport bills are submitted only for Rs 50,000, then tax is applicable on the rest of the amount.

Regardless of the amount an executive is entitled to as LTA, tax laws allow air tickets only in the domestic sector for the claim.

The apex court order came in a plea by companies including Larsen &Toubro and ITI. In its defence, the revenue department had argued that assessee companies were under statutory obligation under Income Tax Act, 1961, and relevant rules, to collect documentary proof to show that their employee(s) had actually utilised the amount paid towards the leave travel concession and conveyance allowance.

 

Regards,


Rooprajinder Singh
Dy. Manager - Corp. HR
Simbhaoli Sugars Ltd
Simbhaoli, Ghaziabad,
UP - 245 207
India
Tel: +91 5731-223117- 19
Web: www.simbhaolisugars .com

 

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--
Dear Sir

Thanks & Regards
Bhupal Singh
Mobile:+91-11- 9910477499



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