LTA
This query is : Resolved
Sanjay Kumar Singh
(Querist)
17 December 2010
As per IT Act, LTA Can be claimed for 2 occassion in a block of four calander year for exemption.
Query is can one calime LTA for 2 occassion in same Financial year ( 2010-11) once in 2010( April to December) and other 2011( January to March) and can avail exemption for both occasion in PY 2010-11 (AY 2011-12).
Query is can one calime LTA for 2 occassion in same Financial year ( 2010-11) once in 2010( April to December) and other 2011( January to March) and can avail exemption for both occasion in PY 2010-11 (AY 2011-12).
CMA Ramesh Krishnan
(Expert)
17 December 2010
No. this leads to duplicate claim, act is allowing actual claims only, not for the same claim in different Fiancial years
Sanjay Kumar Singh
(Querist)
17 December 2010
Not same claim but diffrent claim and for two distinct travel supported by doucments
CMA Ramesh Krishnan
(Expert)
17 December 2010
Sorry, I understood mistakenly, Limit is for Block only not for financial year. you can claim
Sanjay Kumar Singh
(Querist)
25 December 2010
thanks for your reply, I was having same view by reading the law.
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