House rent allowance and Ltc

This query is : Resolved

ARUN GUPTA (Querist)
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21 July 2023 How to claim HRA IF CO HAVE NOT SHOWN IN FORM 16? CO HAS UPLOADED LTC OF RS125000/ in form 16.How to claim LTC AND HRA IN INCOME TAX RETURNS?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 July 2023 You can't claim HRA and LTC unless it's shown in form 16 and shown exemption.
Request the employer to correct form 16.
Now notice issued for such claim asking for documents.

ARUN GUPTA

ARUN GUPTA (Querist)
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21 July 2023 Can the form be still corrected for ay 2023-2024?

ARUN GUPTA

ARUN GUPTA (Querist)
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21 July 2023 Can form 16 still be corrected?

ARUN GUPTA

ARUN GUPTA (Querist)
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21 July 2023 How Ltc is claimed?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 July 2023 Yes, by filing revised TDS return it can be corrected

ARUN GUPTA

ARUN GUPTA (Querist)
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21 July 2023 What is Ltc? How it is claimed?

ARUN GUPTA

ARUN GUPTA (Querist)
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21 July 2023 Can my wife issue rental slip to my son for HRA DEDUCTIONS CLAIM? RENTAL SLIP IS ISSUED IN MY NAME? SO CAN MY WIFE SHOW ISSUANCE OF RENTAL SLIP?

ARUN GUPTA

ARUN GUPTA (Querist)
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21 July 2023 Pl clarify regarding issuance of rental slips?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 July 2023 LTC is allowed based on actual travel reimbursement under income tax.
Fixed payments are taxable.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 July 2023 Rental slip can be issued with rental agreement by the owner of the house to son.

ARUN GUPTA

ARUN GUPTA (Querist)
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22 July 2023 Will income tax department accept rent slips issued by parents?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 July 2023 Yes, it will be accepted.

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House rent allowance and Ltc

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