LTA Exemption
This query is : Resolved
CA. Navnath
(Querist)
26 March 2009
My Company introduced LTA in my sal structure w.e.f. 1st Apr 2008. Since the current block for LTC is 2006-2009 and I had not claimed the LTC for 2006 & 2007 (as my old sal structure didn't allowed that), can I claim the LTC bills for the year 2008 as well as for 2009 on the basis of LTC exemption rule which states that exemption is allowed twice in the block of 4 years?
Vipul J. Bhavsar
(Expert)
26 March 2009
Yes you can...
CA Nitin Wadhwani
(Expert)
26 March 2009
Yes.There is no problem.
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