Lta deduction
This query is : Resolved
24 June 2012
1. If Journey in undertaken in May 2012, when to claim LTA benefits...whether in Return filed for AY 2012-13 or in the return filed for Ay 2013-14.
If LTA amount is taken as Taxable income in returns filed during earlier year and now If I want to claim benefits for journey taken during current year then can I take benefits of LTA deduction from amount shown as taxable income during previous years.
Regds
Chintan
If LTA amount is taken as Taxable income in returns filed during earlier year and now If I want to claim benefits for journey taken during current year then can I take benefits of LTA deduction from amount shown as taxable income during previous years.
Regds
Chintan
24 June 2012
When the assistance is being received it becomes taxable in that particular year only. So you have to consider it for AY 2013-14.
.
You can not go behind.
.
.
You can not go behind.
.
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
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 1- Amend Credit Note
- GSTR 9C- Table 9
- Tax liability on gift amount given to blood relation
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Acting as an Agent
- Reimbursement of expense- GST applicable or not
- When was the effective CA partnership deed? Can I use old FRN until new FRN alloted by ICAI?
- To Whom the Professional Invoice should be Raise
- E stamp paper purchase
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
