Taxability of lta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 December 2015
Dear Experts,
In previous block one of our employee has not performed any journey and we were giving him Rs. 2000 PM LTA, therefore we have deducted the TDS on this 2000/- also during the entire previous block, query, as per above stated query does this employee entitled to avail four journey or not in block 14-17,
Thanx & regard
Shyam sunder
In previous block one of our employee has not performed any journey and we were giving him Rs. 2000 PM LTA, therefore we have deducted the TDS on this 2000/- also during the entire previous block, query, as per above stated query does this employee entitled to avail four journey or not in block 14-17,
Thanx & regard
Shyam sunder
28 December 2015
Only one unused exemption for LTA can be carried forward to the next block. That too has to be used in the first year of the block, i.e. 2014.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
