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I already claimed LTA in the Financial Year 2018-19.Can I further claimed LTA in Financial Year 2019-20 also?
Replies (3)
Quick Summary
LTA exemption is available for only two journeys performed in a block of four calendar years.
The block applicable for the current period is the calendar year 2018-21.
So, from 2018 to 2021 you can claim, any two journeys for LTA Exemption. if you already claimed Exemption for 1 journey in 2018-19, than you can claim for second journey in 2019, 2020 or 2021 subject to fulfillment of other conditions and restriction as per sec.10(5).
The block applicable for the current period is the calendar year 2018-21.
So, from 2018 to 2021 you can claim, any two journeys for LTA Exemption. if you already claimed Exemption for 1 journey in 2018-19, than you can claim for second journey in 2019, 2020 or 2021 subject to fulfillment of other conditions and restriction as per sec.10(5).
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