POSTED BY July 3, 2012 2:36 pm COMMENTS (6)ON
Hello JI Experts,
I have a question with respect to claiming LTC while filing returns.
My employer had requested for investment proofs for taxation purposes in the month of Feb 2011. However, I went on a trip in the month of March 2011.
Now, since my Form 16 doesn’t depicts any such LTC tax deduction, how can I claim the same while filing returns?
FYI, I am filing my returns online using the IncomeTaxIndia website. Also, let me know if doing such a thing is recommended in terms of attracting income tax dept’s attention on me?
Also, I understand that we can claim LTC only twice in block of 4 years. So, IncomeTax dept decides the block or it depends upon the employer?
It would be great of I can get JI experts comments on the above question.
Thanks in advance.
2021 © Jagoinvestor.com All Right Reserved