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Lta

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2014 If LTA has not been claimed in 1st 3 years of a block, can we claim LTA twice in the last year of a block?

Thanks in advance!

28 March 2014 yes you can claim LTA exemption (u/s 10(15)of inocme tax act ) twice in last year as per following rule:
The tax rules provide for an exemption in respect of two journeys performed in a block of four calendar years. The current block runs from 2010-2013.



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