Lta claim for journey made in last fy but current calender
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2013
Please let me know if it is possible to give tax exemption on LTA claim in the Financial year 2013-14, while the travel date is in the month of January 2013. The argument I had that as the LTA is on calender year basis, the same can be claimed as well as tax exemption also should be given. Whereas I believe that it can be claimed but will become taxable.
Please advice and share your opinions.
Please advice and share your opinions.
CA JATIN TALREJA
(Expert)
21 November 2013
Yes it can be claimed as 2 journeys performed in a block of 4 years are exempt .The current block is 1/1/2010 to 31/12/2013.If you have not claimed for the second one you can still avail carry over concession and claim the same but in calender year 2014 itself.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
