House rent allowance and Ltc


This query is : Resolved 

Quick Summary
This discussion addresses how to claim House Rent Allowance (HRA) and Leave Travel Concession (LTC) when they are not correctly reflected in your Form 16. It explains that claims require the details to be shown in Form 16 and suggests requesting your employer to correct it. The thread also clarifies that LTC is claimed based on actual travel reimbursement, and rental slips issued by parents to their children for HRA purposes are generally acceptable, provided a rental agreement is in place.

(Querist)
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?

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

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

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

21 July 2023 Yes, by filing revised TDS return it can be corrected

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

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

22 July 2023 LTC is allowed based on actual travel reimbursement under income tax.
Fixed payments are taxable.

22 July 2023 Rental slip can be issued with rental agreement by the owner of the house to son.

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

22 July 2023 Yes, it will be accepted.


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