How to spend for ltc claim without spending
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Book irctc ticket and then cancel it, you might incurr charges but tax savings should be higher
I think that will get caught. In any case too much risk
Arrange one GST bill from local shopkepper. Pay him using debit card. They will agree on some commision.
Trying but unable to find anyone willing. Because amounts become big. White goods ones will be best placed for this but cant find one.
Small doubt….
We can claim on UPI also? Or only debit, credit card and NetBanking on above 12% gst items?
And one more doubt…..
As there was some credit card offer, I paid for some item in amazon from relatives card and not mine. But address in mine only…. Can I still avail this claim?
This all depends on ur fin department,
its better to check with them for criteria for passing bills and whether they need dc, cc, bank statements too along with invoices for verification.
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anyone came up with any idea on how to avail the benefit without any actual spending/cost. Do endowment plans qualify under this?
Collect all your invoices of Amazon, Flipkart, Bigbasket, Dominos etc. and claim them.
That’s what I am doing.
Are multiple bills acceptable?
Isnt this the best chance to buy car/bike or change your old petrol vehicle to a new CNG vehicle, and save on fuel for the next 15 years, at an unbelievable cash discount of Rs 1.5 lakhs?
Obviously, getting it without spending anything at all is even better. But for anyone who was about to buy a car, this was the best deal possible.
It’s depends on LTA limit.. discount would be hardly 9-10% (best case)
For 1.5 lac discount.. you need to buy 12.85 lac car (provided LTA is 4.28 lac)
I have undertaken the benefit in this scheme as my employer offered this bill submission.
Bills submitted:
- had taken a term insurance for self in Oct (Gst – 18%)
- have a lot of orders from Pharmeasy/1MG with most medicines having GST rates of 12% in the name of either self or dependents.
- checked some Flipkart or Amazon orders like small appliances ordered during Diwali time.
- had tried to submit my broadband bill as well but that was rejected by my employer despite being in 18% GST as phone bills were not allowed.
I think there are limits for self and dependents (not sure though), but even I didn’t calculate how much was for me and my wife as bills got submitted in tranches over months. Not sure if the finance dept takes note of that.
I had even submitted medical bills for mother but since she’s not shown as a dependent, her bills got rejected.
There are no other ways except submitting some of your monthly expenses.
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Place iphone order and download the invoice once its shipped and cancel before delivery or reject
Since this a tax rebate allowed by Income Tax Deptt, it is subject to scrutiny and giving false information may result in penalty and legal action
Anyone need help in mumbai can contact me.
What is the limit for ltc claim ?
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