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Two lta in one year

Kishor (Others) (53 Points)

16 January 2013

Hello Frnds,

Good noon to all,

i am aware abt the basic rules for LTA and four year block period and other things.

My question is, "can i claim two LTA in one year and then will not claim any in the rest of the 3 years of the block."?

Regards.

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2 Replies

vikash (Consultancy) (67 Points)
Replied 16 January 2013

As per my knowledge..u cannot do so.

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srinivasan (service) (898 Points)
Replied 17 January 2013

The condition for the frequency in availing LTA is

1. LTA can be availed for two journeys in a block of 4 calender years. [Rule 2B(2)]

2. If LTA is not availed in the previous block then the first LTA availed in the first year of the subsequent block of 4 years is eligibe to be exemted. This will be an additional exemption available to the two journeys specified above [as per rule 2B(3)]

Please note that Rule 2B(2) specifies only number of journeys during the block of 4 years. It may be taken at any point of time in the block. Therefore it goes without saying that it may even be taken in a single year.