LTC for Digital Payments Made via Credit Card

[MadhuPR]

Hi,

LTC question- If for one of the transaction payment employee uses credit card of her spouse or any family members. Can that be considered?

[Dinesh]

Hi @MadhuPR

Yes it’s considered until and unless billed in your name. The mode of payment is digital (valid) GST should be more 12% or so (Valid) and finally bills for the same (Valid).

Yes! having all these makes you valid for the LTC claim.

[PEPCOM-HR]

https://economictimes.indiatimes.com/wealth/tax/ltc-cash-voucher-scheme-15-queries-answered-by-government/articleshow/78877198.cms

Question raised any many other queries for reference.
Please note that it is more related to the ongoing scheme but the intent is clear… Thanks

[Dinesh]

Very useful thanks @PEPCOM-HR (Rajnikant)