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LTA deduction eligibility
I travelled by air from Delhi to Mumbai in Feb'18 and incurred Total travel expenditure of Rs 10K. Can I declare this as LTA deduction in ITR for FY:18-19? if yes, under which rule?
Replies (2)
If u received LT allowance then u claim exemption of actual expenditure ( ₹10K)
LTA DEDUCTION CAN BE CLAIM, IF IT IS YOUR PART OF SALARY FROM EMPLOYER AND LTA DEDUCTION ALLOWED ONLY IF YOU TRAVEL FROM OTHER THAN BUSINESS CLASS INCASE OF AIR WAYS..
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