18 February 2014
My company pays lta amount every year in January. I have claimed exemption for 2 journeys in the block 2010-13. I have received lta for the year 2012 & 2013 in Jan 2014. Can i claim exemption of this lta received 2012 & 2013 in the ITR of F.Y. 2013-14 since income has been received in 2014.
18 February 2014
Will it be considered as an exemption of the new block 2014-2017 or exemption under block 2010-2013. My company says since i have already taken 2 exemption in the last block and this lta relates to last block, the same will be taxable.