17 July 2013
It LTA is included in the taxable salary in Form16, How should this be shown & deducted from taxable income while preparing retrn/ITR form?
18 July 2013
http://articles.economictimes.indiatimes.com/2012-01-05/news/30592978_1_lta-shortest-route-claim
The above artical say so... That why I asked the above query !!!
"If you miss out on filing a claim at your company , you can claim for this exemption at the time of filing your income-tax returns and avail of a tax refund later. But that would make it a cumbersome and longdrawn procedure"
18 July 2013
Allowances like HRA, Conveyance etc. can be taken,but still my view LTA need to certify by the employer. because claiming LTA you should have taken the minimum 3 days PL etc.conditions are there. so according to your wish, if you want to take in your return still you can do, how ever the proof should be ready in case of demand notice from department
CAclubindia
