Our beloved LVBOA is entering the “GOLDEN JUBILEE YEAR” on 02.10.2015. Our Association was formed on 02.10.1966 at Salem. We would like to recapitulate the journey of our association thus far.
The founding fathers of the Association are: Sri. M. Ramalingam, President Sri. V. Varadharajan, Vice President Sri. P.T. Kishnamoorthy, General Secretary Sri. K.M. Subramanian, Joint Secretary Sri. K. Parthasarathy, Treasurer
34th GENERAL BODY MEETING AND 15th BIENNIAL CONFERENCE & Golden Jubilee Celebration AT CHENNAI ON 22nd & 23rd OCTOBER 2016.
We are happy to inform to all that we had obtained a stay, against the provisions of the Income Tax on concessional rate of interest. Hence until further orders received in this regard from court, (Perquisites) pertaining to concessional rate of interest, the provisions of the Income Tax, that the difference between the rate in interest charged for the staff loans and State Bank of India rate of interest need not be treated as perquisites while calculating Income tax for the financial year 2016-17.