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In case if the assesse travel two trips in the same year of the block period.. Is it possible to claim LTA


Nirupama Bangera

Nirupama Bangera

CA Inter

0

19-Feb-21 20:33

27

Answers (6)

No


Suraj Lakhotia

Suraj Lakhotia

Admin

19-Feb-21 21:22

If the expenses are in different calender year???


Nirupama Bangera

Nirupama Bangera

CA Inter

0

20-Feb-21 15:18

If I'm not wrong present block period is 2018-21


Nirupama Bangera

Nirupama Bangera

CA Inter

0

20-Feb-21 15:21

If I'm not wrong present block period is 2018-21

Yes


Suraj Lakhotia

Suraj Lakhotia

Admin

21-Feb-21 13:02

If the expenses are in different calender year is it possible to claim LTA???


Nirupama Bangera

Nirupama Bangera

CA Inter

0

22-Feb-21 09:04

If the expenses are in different calender year is it possible to claim LTA???

LTA exemption is available for only two journeys performed in a block of four calendar years. For claiming LTA, it is a calendar year and not financial year. In case an employee has not availed exemption with respect to one or two journeys in any of the block of 4 years, he is allowed to carryover such exemption to the next block provided he avails this benefit,in the first calendar year of immediately succeeding block. So if expenses are in different calendar year, LTA can be claimed it is within the restriction of block and carry forward....... So 2018-21 block , if there is any eligible LTA carry forward available - one trip in 2018 (carry forward) and two trips in 2019,2020 & 2021


sudha reddy

sudha reddy

Moderator

22-Feb-21 09:37

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