Leave Travel Exemption for F.Y 25-26 Return

[Rajat Gupta]

Travel expenditure done in June 2025 will be claimed in Income tax return of F.Y 25-26. Will it be considered expenditure made in block year 2022-25 or 2026-29. What block year means? Whether it is about the period in which expenditure is made or when expenditure is claimed in return?

AI Summary

Tax Professional Seeks Clarity on Leave Travel Exemption Eligibility for Block Year Calculation Under Income Tax Rules A tax professional inquired about leave travel exemption for expenses incurred in June 2025, seeking clarification on the applicable block year for income tax purposes. The query focuses on determining whether the travel expenditure falls under the 2022-25 or 2026-29 block period, and understanding the definition of block year in relation to expense incurrence or tax return filing.