LUT validity
yaswanth yash (22 Points)
27 March 2021
Is LUT valid for whole financial year even though I applied for LUT in the mid of the year.?
1 Replies
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 27 March 2021
An LUT is valid only up to 31st March of that financial year. If LUT is furnished on 30.09.2020, then the same will be valid till 31.03.2021. A fresh LUT has to be furnished for the next FY i.e., 2021-22.
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