Hello all, Request you to please guide me in this issue.
I want to know if i can claim LTA for travel taken in March 2012. I am planning to travel in March 2012, and hence want to know if i can claim this LTA exemption in the next FInancial Year ? I understand, LTA's are block specific and hence it is in the same block of four years from 2010-2013. Hence i want to know if i can claim for LTA exemption in the next Financial year (2012-13) for travel taken in March 2012.
Request you to please guide me in the same. Thanking you all in advance.
As per IT rules, yes you should be able to claim travel done in March 2012 in same calender year.
But due to calender year and financial year clash, most of the employer follow financial year for LTA rather than govt specified calender year.
To be on safe side, I would suggest you to confirm same from your employer.
answered Feb 21 '12 at 15:02