Lta

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Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2012 can LTA be claim in filling IT Return even if it is shown taxable in form 16?

Porwal Consultancy

Porwal Consultancy (Expert)
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06 February 2012 Yes, but you should have necessary supporting available with you.

Sanjana

Sanjana (Expert)
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06 February 2012 Yes, not only LTA, all the exemptions even if not submitted to the company for tax deduction purposes and hence not appearing in Form 16 can be claimed at the tiem of filing the Return of Income.....

Practically when you are claiming it via the company, you have to submit all the proofs with the company.....but when you are claiming it by yourself at the time of filing your Return of Income you tend to forgot to safely keep the proofs of the same....which may cause problem in the future.....hence DONT forget to file the supporting or the proofs for claiming the deduction.....

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 February 2012 My view is differ from the experts above

LTA need to be certified by the Employer,because it includes following components

1. LTA should be paid by the employer
2. Employer has to certify you Leaves for claiming the same according to the attendance

Without those certification by the employer, even you are claiming in your return also, A.O may reject your claim

Please check with employer why it is not shown in form 16, if it is mistake ask them to correct, incase they cannot correct, atleast take certification of LTA proofs from employer and keep as records and claim

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