banner_ad

Lta reg

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 June 2012 Dear Sir,
I wish to clarify a doubt regarding LTA Exemption.
i.e. Suppose an employee has not perform total journey(two times) in the first block of four years(let 2006-09).
Now(2010-13) whether he can enjoy the LTA Exemption including which are not availed in the first Block of 4 Years?
i.e. it it possible to perform the journey & avail LTA four times in this block?

S.Jegadeesan
Profile Image

swasti

Profile Image

swasti (Expert)
16 June 2012 Exemption is available in respect of 2 journeys performed in a block of 4 calendar years.

If the employee has not availed LTC during any of the specified four-year block periods on one of the two permitted occassions (or on both occassions), exemption can be claimed in the first calendar year of the next block, but in respect of only 1 journey. This is called "carry over concession".
Profile Image

swasti

Profile Image

swasti (Expert)
16 June 2012 Exemption is available in respect of 2 journeys performed in a block of 4 calendar years.

If the employee has not availed LTC during any of the specified four-year block periods on one of the two permitted occassions (or on both occassions), exemption can be claimed in the first calendar year of the next block, but in respect of only 1 journey. This is called "carry over concession".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details