banner_ad

LTA

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 December 2009 Dear Expert,

I have a query on LTA & asking with e.g.

If "A" is employed in the company on 01.07.2008 & he is eligible for LTA after completion of one year of service.
Now "A" is eligible for LTA on 30.06.2009. Now in the month of December 2009 (which is the last year of Block of 4 Years, "A" wants to claim LTA?

Now the question arises that upto which period he can claim the LTA?
1. Upto December 2009? or
2. Upto March 2010.

As per Sec 10(5) Block of 4 year is the Calender Year.

Please advise ASAP.

Thanks in advance.

Regards'

Yatesh Renuke
Profile Image

Kishanlal Paliwal

Profile Image

Kishanlal Paliwal (Expert)
07 December 2009 The term 'calender year' is used for the claim purpose only, in other words we may interprate that the part of Financial Year for which LTA is claimed should fall in the LTA claiming calender year.

Regards
Profile Image

Yatesh Prakash Renuke

Profile Image

Yatesh Prakash Renuke (Querist)
10 December 2009 Thanks a lot Sir for your reply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
24 April 2026
Jr / Sr Accounts Executive

Shirode Cars Pvt Ltd

Nashik

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 24 April 2026
Article

Rohit Doshi And Associates

Pune

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details