Lta exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2012 Dear Sir,

I went on leave during the f.y. 11-12 but have not claimed LTA. Now during the cy 12-13 I recd the LTA and submitted the bills of last year. Can I get the LTA exemption during the C.Y. 12-13 with the bill of last year.

thanks
nandu

CA Ilayaraja

CA Ilayaraja (Expert)
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27 December 2012 Dear Nandu,
I dont think that u can claim LTA bills relating to one financial year in succeeding year.

@VaibhavJ

@VaibhavJ (Expert)
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27 December 2012 hey hi

LTA cannot be claimed for previous years.

Since bills are bearing previous FY dates, same is disallowed on the basis of prior period item.

Thanks!!

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CA Ilayaraja

CA Ilayaraja (Expert)
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27 December 2012 but u can carry forward the LTA exemption which u have not claimed in the block year 2010-2013 to next block ie., 2014-2017.

@VaibhavJ

@VaibhavJ (Expert)
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27 December 2012 And you can claim LTA 3 times against 2 times allowed ..