LEAVE TRAVEL ENCASHMENT
This query is : Resolved
Som Somasundaram
(Querist)
24 June 2023
When you buy tickets partly paying using UPI and partly using credit card reward points in a bank, can you include the total cost of the ticket for the purpose of LTA claim under income tax. Question is not about claim with employers, LTA is a fixed sum of total comp. Qua income tax, can reward points usage be treated as payment.
CA R SEETHARAMAN
(Expert)
25 June 2023
Yes, it will be considered as payment.
LTA claim is based on the tickets you bought.
LTA claim is based on the tickets you bought.
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