Leave travel concession
This query is : Resolved
14 October 2011
if a person is president in a ltd. company n he want to claim LTC than can he claim LTC in respect of married son not dependent on him n in respect of son's wife. Can the asseseee claim LTC in respect of his parents dependents on him. n can he claim LTC also in respect of his married daughter.
15 October 2011
He can claim LTC exemption for his parents, but he can not claim for his son, son's wife & married daughter.
15 October 2011
EXCALLENT PARSHANT SIR GUD ANSWER,.,,,BECAUSE SON & SON'S WIFE NOT COVERED IN THE FAMILY DEFINATION
16 October 2011
Yes, as per IT Act, son is covered only if he is not dependent & not attended the Age of 21 yrs.
18 October 2011
Sir i think son should be covered only if he is dependent and aged below 21 years. am i right.
n what about the situation when the assesseee declared that his son is dependent on him though he is above 21 than what is the impact
n what about the situation when the assesseee declared that his son is dependent on him though he is above 21 than what is the impact
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RATE AND HSN CODE
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Portuguese Civil Code IT Return
- LIC maturity claim whether taxable
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TDS AND ITR ISSUE
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
