Lta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2014
If LTA has not been claimed in 1st 3 years of a block, can we claim LTA twice in the last year of a block?
Thanks in advance!
Thanks in advance!
CA Jitender Sharma
(Expert)
28 March 2014
yes you can claim LTA exemption (u/s 10(15)of inocme tax act ) twice in last year as per following rule:
The tax rules provide for an exemption in respect of two journeys performed in a block of four calendar years. The current block runs from 2010-2013.
The tax rules provide for an exemption in respect of two journeys performed in a block of four calendar years. The current block runs from 2010-2013.
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