28 March 2009
Hi I have some Queries regarding LTA exemption:- 1.Can a Individual take exemption for 2 journey performed by him in a block of 4 year say 2006-2009 both in assesment year2009-2010. 2.Can 2 journeys performed in a one year say 2008-2009 be claimed for exemption in 2009-2010. 3.Is their any guidelines regarding journey to be performed by Air or rail for Private employees as their in case of Gov. employees regarding their limit of salary. 4. Is Amount to be claimed as exemption in case of Air As given in Sec10(5) of Economy class, to be judged on fare of cheapest airline for that route. 5.If an employee receives Rs30000/- as LTA anually in 2006-2009 and he claims a ticket of Rs70000/-for exemption in 2009-2010 performed his journey in 2008-2009 is he entitled for amount .
CAclubindia
