Leave travel concession
This query is : Resolved
Aadish Jain
(Querist)
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.
Aadish Jain
(Querist)
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
