LTA Provision

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Executive
99 Points Posted on 25 August 2009

Hi

I have following query: -



Current block for LTA is from 01.04.06 till 31.03.09 (i.e 4 yrs).  employee avails LTA only twice in a 4 years block , then bal amount of LTA is carried to nxt block.If employee does not avail LTA , till how much period can his LTA be c/fwd ? is there any timelines for this ? when it will be paid to employee?

- what will be the entries for above ?

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On 25 August 2009 at 11:13 Report
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CA in Practice
35867 Points Posted on 27 August 2009

Only one LTA can be carried forward to next 1 year i. e. 2010.

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On 27 August 2009 at 20:15
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CA Final
81 Points Posted on 15 September 2009

LTA amount cannot be carried forward. only the LTA availing can be carryforward. The LTA is availed based on the elgibility for the respective year.

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On 15 September 2009 at 16:07

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