I am employed by a pvt company. I travelled in Dec2012. And again in Mar2013. Will I be able to claim LTA exemption for both travels as these two travels are in different calendar years? I have not claimed exemption so far in 2010-13 block. Is there any restriction that LTA can be claimed only for one travel in a financial year?
1 Replies
shikhar
(LEARNER )
(1394 Points)
Replied 01 April 2013
Helooo friend...
Exemption is available in respect of 2 journeys in a block of four calender years.as per section 10(5).
Soo u can clain the exemption for LTC,
there is no such rule that exemption can be claim only for one travel in a financial year.
THANKS
shikhar
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