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

Leave travel exemption timing: whether block year depends on when travel occurred or when claimed in the tax return. Query on whether leave travel exemption for travel in June 2025, claimed in the F.Y. 25-26 return, is governed by the date the expenditure was incurred or by the date the exemption is claimed, and thus which block year it falls into.