LTA - Can I claim expenses of one journey in 2 years
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2011
Hi
This question is with regards to LTA
LTA from employer is Rs 30,000 per year
Employee had made travel & its cost him is Rs 70,000
Can he claim part of expenses - Say Rs 30,000 in first year & then rest in second year of the same jouney
This question is with regards to LTA
LTA from employer is Rs 30,000 per year
Employee had made travel & its cost him is Rs 70,000
Can he claim part of expenses - Say Rs 30,000 in first year & then rest in second year of the same jouney
CA PARAS BAFNA
(Expert)
13 February 2011
LTA is based upon journey actually taken by the employee. If employee is eligible to get Rs.30000/ per year in respect to journey accomplished during the year, the excess expenditure incurred by him can not be claimed in the next year.
In other words, it is to be claimed in full in the year of journey itself.
In other words, it is to be claimed in full in the year of journey itself.
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