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RachKG (Querist)

18 June 2010 Hi,My friend is getting LTA every year.He has not claimed any exemption in block 2006-2009. However,he had gone outstation with his family Feb 2010

Query: Can he take exemption in FY 09-10 assuming that one journey was carried forward pertaining to block 2006-09 ?

Can he claim exemption although the same has not been considered in Form 16 ?

Are e-tickets considered as sufficient proof ?

Please let me know whether I can claim exemption for filing return for AY 10-11.
Regards,

Aditya Maheshwari

Aditya Maheshwari (Expert)

18 June 2010 1 LTA can be carried forward to next year. So you can claim one LTA of 2006 - 09 block if not claimed earlier in the current year.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

18 June 2010 Yes. your frined is eligible for claiming LTA which is not claimed during last block (2 journeys)

Becasue any unclaimed LTA journey out of 2 during the block can be carry forward to next block first calendar year subject to one journey such is current block 2010, so the same not to be counted in the 2 exempted journey during the current block

Now days E-tickets is generally used so can be accepted. The act not mentioned E-ticket or regular ticket

RachKG

RachKG (Querist)

19 June 2010 Thanks.But still the confusion remains in my mind of whether I can take exemption for AY 10-11 while filing IT return? or is it claimable in AY 11-12

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

19 June 2010 LTA calendar year basis only. even you are claiming LTA during the period Jan-10 to March-10 is eligible for claim in the AY 2010-11

RachKG

RachKG (Querist)

23 June 2010 Hi,

Can we claim exemption of LTA in AY 10-11,wherein the person travelled in 2008-09 and forgot to claim exemption?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

23 June 2010 no. It cannot since the IT is financial year based you should claim that respective FY

RachKG

RachKG (Querist)

24 June 2010 Hi,
In case of carry forward exemption 0f 2006-09,if I have travelled in Feb'10 and have not claimed the exemption in FY 09-10 (i.e AY 10-11),can i claim in next FY i.e 2010-2011?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

24 June 2010 LTA - Calendar year calculation

Income tax - Financial year calculation

Your traveling in 2006-09 block but actually as per law 1 LTA canbe carry forward to next block it is valid as per law and availed on Feb-10 fallng under financial year 2009-10 can be avalied only 2009-10 FY only actual expenses incurred cannot be carry forward to next FY. so you case you should claim only 2009-10 not 2010-11

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