LTA Exemption Round Trip
This query is : Resolved
21 January 2022
Dear Sir,
I have 1 query related LTA exemption.
Q. One employee he booked one Cab and travelled from Bangalore to Goa and Goa to Bangalore. Is he eligible for LTA Exemption. Can we consider Cab as Mode of Transport ?
Thanks & Regards
I have 1 query related LTA exemption.
Q. One employee he booked one Cab and travelled from Bangalore to Goa and Goa to Bangalore. Is he eligible for LTA Exemption. Can we consider Cab as Mode of Transport ?
Thanks & Regards
Dhirajlal Rambhia
(Expert)
22 January 2022
Yes, it can be consider as mode of transport but the amount that can be claimed as per Rule 2B... [Conditions for the purpose of section 10(5)] ... ..........
shall be the amount actually incurred on the performance of such travel subject to the following conditions, namely :— .....
(ii) where places of origin of journey and destination are connected by rail and the journey is performed on or after the 1st day of October, 1997, by any mode of transport other than by air, an amount not exceeding the air-conditioned first class rail fare by the shortest route to the place of destination .......
shall be the amount actually incurred on the performance of such travel subject to the following conditions, namely :— .....
(ii) where places of origin of journey and destination are connected by rail and the journey is performed on or after the 1st day of October, 1997, by any mode of transport other than by air, an amount not exceeding the air-conditioned first class rail fare by the shortest route to the place of destination .......
Message likes :
2 times
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
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- Capitalgain tax purposes for valuation report compulsory
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- TDS on Fixed Assets purchased
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capital Gail Exemption Certificate
- 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
- How to pay remaining amount of TDS after due date?
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
