Hello,
I have bough Car in my Spouse name Rs 7.5 laks invoiced in Feb 2021, I have missed to claim this through my employer. Shall I claim this now while filing ITR under 10(15). Please advice.
Thanks
Kiran
M KIRAN (article trainee) (24 Points)
29 August 2021Hello,
I have bough Car in my Spouse name Rs 7.5 laks invoiced in Feb 2021, I have missed to claim this through my employer. Shall I claim this now while filing ITR under 10(15). Please advice.
Thanks
Kiran
v devanathan
(Partner of a CA Firm)
(132 Points)
Replied 29 August 2021
As Amit opined, It is not possible to claim LTC ( maximum of Rs.36,000) in the return since as per Rule 2B(1A)(i) of the IT Rules, the claim should be made in lieu of LTA under second proviso to section 10(5).
M KIRAN
(article trainee)
(24 Points)
Replied 29 August 2021
Thank you both for the confirmation.
Regards
Kiran
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