A K SARMA (SERVICE IN PSU (OIL & GAS)) (166 Points)
24 February 2012
SIR,
I have travelled From Rajahmundry to Bangalore by availing LTA. During the journey, I travelled by my own car upto Hyderabad and from Hyderabad to Bangalore by Air economy class. the return journy also performed in the same mode of travel.
How can I claim the LTA exemption amount? how much amount of LTA exemption will I get?
Kindly advise.
RAKESH
(Almost CA)
(2199 Points)
Replied 24 February 2012
LTA U can claim is the Amount which u have spend by going in the shortest route possible and if u have travelled in plane then the Economy class is permitted. Amount actually spend by u can be claimed. It should be claimed only once in a block of 4 years.
Jagannath Mane
(CFO)
(25 Points)
Replied 12 April 2014
Not cleared can available LTA exemption in Income Tax on traval be own car ?
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