LTA Block Period 2014-17

[Guest]

What is meant by LTA block period and who will fix the block? How an Assessee shall get advantage of the Block period?

[bhaskar mishra]

Dear,

Current Block for LTA is 2014 - 2017.

Regards,

Bhaskar Mishra

[bhaskar mishra]

dear,

you can avail the benefit of this block twice in a 4 year.(2014-2017)

AI Summary

LTA block period allows two claims within the block, enabling an assessee to avail the tax-exempt travel benefit twice. The current LTA block period is 2014-2017. Within that four-year block an assessee may avail the LTA benefit twice, subject to usual LTA claim conditions.