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Itr-1 using two form 16 and claim hra deduction

Tax queries 1300 views 3 replies

Hi All,      For AY 2014-15 (FY 2013-14), I have worked in two companies ( 2 months in first  company, and 10 months in next). In second company, i have shown First Compnay Income ? My second company calculate HRA for 10 months. My second company only accepted the income from first componay and standard deduction(HRA,Conveyance) not accepted.  But i am eligible for 12months HRA. Do i need to re-calculate HRA for both the compnies and then fill ITR-1.  

My second company gave me LTA amount of 16000. But they put it as taxable in form 16. But i am eligible to claim LTA in 2013. Out of 4 year period 2010-2013 i have claimed in 2011. I have the LTA receipt available with me in form of train ticket. Can i claim the LTA for 2013?

  Kindly help on the above mentioned issue

 

Replies (3)

u should file ITR 2 claim the refund on tds if any

in ITR 2 Ucan claim the exemption separately

Thanks for the quick reply.  I think i have to consult a CA for filling ITR2.

based on details given by you i will suggest you to file itr-1 including income from both companies. you are eligible to claim hra for entire 12mnths. as far as lta is concerned if you had not taken deduction of lta in 2011 and this 16000 pertains to lta of 2011 then you can claim it now.


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