my employer did not pay for my LTA allowances since 2007. now, ie., JAN-2010 they have paid for the year of 2007,2008 & 2009. In the situvation can I claim the total LTA amount as exempt from tax?
S Anand
Menu
LTA Claim - Urgent
Replies (1)
Dear S. Anand,
LTA Exemption is available for 2 journies in a Block of 4 years, It has nothing to do with the year to which it pertains..
However if u have not claimed any LTA exemption for a Block then u can carry forward 1 journey to be claimed in the first year of the next Block.
As far as LTA for past years is concerned u can claim Relief u/s 89(1) on account of arrears of salary.......
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
