What Deduction is Allowable For Persons Spending on Relative Suffering From Cancer ?

Can any Govt. staff member’s Medical Reimbursement of Blood Cancer of son should deducted from income tax? Is there any tax exemptions for the same? Pandit Shashank , Kolahpur
Yes, u/s 80DDB a person who spends on his spouse, children, parents, brothers and sisters of the individual or any of them who are  suffering from malignant [...]

Can One Claim Deduction For Fee Paid to Coaching Institute?

My son is studying at NIT doing BTech in Computer Science. During this financial year he has joined TIME classes for doing preparation for CAT. He has paid Rs.18000/- towards Tution Fees. Duration of course is one year. Whether I can claim Tax Rebate for Rs.18000/-. Similarly during May 2009 he joined NIIT classes for [...]

Can I Claim Deduction u/s 80DD for Expense on Sister Despite My Father Being Alive ?

My father is a pensioner and his pension is less than my salary. My sister is a disabled dependant with 90% disability. She is dependant on me. Can I get rebate under section 80DD ? My DDO says that your father is alive and is getting pension; so you cannot claim deduction. Is it true? [...]

Can Wife Also Claim Interest Deduction Despite Husband Paying EMI of Home Loan?

Me and My husband have taken a home loan last year. It was a joint loan on a property. EMI is paid from my husband’s salary account. Can I take tax benefits for it even though I am not contributing to paying EMI. The interest statement has names of both of us.
Rashmi, Delhi

Yes, wife [...]

Should Alimony Paid Out of Salary Be Deducted From Salary For Tax Purpose?

The aforesaid question was answered in negative by Bombay High Court in
Commissioner Of Income Tax. v. M. P. Poncha. 211 ITR 1005 .

The Facts of the case
The assessee was employed as general manager of Premier Auto Electric Ltd. and derived his salary from the said company. He also had income from dividends, interest, [...]

Is Tuition Fee Paid For Diploma Course Eligible for 80C Deduction ?

I have paid 1,20,000/- as tuition fees for my daughter for Diploma in Airport Management and Customer Care.Can I save tax on this?
R K Philip , Haryana
The provision under section 80C(xvii) states as under
"(xvii) as tuition fees (excluding any payment towards any development fees or donation or payment of similar nature), whether at the [...]

What You Must Know About Tax Impact on Surrender of Insurance Policy?

My friend has invested 4 lacs as single premium in unit linked pension plan. If for some reason he surrenders the policy after 5 years ( i.e before the vesting age). On what amount will he have to pay tax. He has not claimed any tax benefit u/ s 80c.
Pawan Kumar , Delhi
Two factors must [...]

Can Both Joint Account Holder Open Senior Citizen Saving Scheme Separately?

In the Senior Citizen’s Saving Scheme 2004 If I invest !5 Lacs in Joint account along with my wife( My wife as a second account holder) is my wife entitled to open another account of 15 lacs in her name and me as second joint holder? Dolford Menezes , Aurangabad
Yes, [...]

Is Autism or One Eye Vision Lose Covered u/s 80DD?

My son, 4 years old, when born had certain disabilities. He was having Colobama in both eyes and vision was not there in left eye. He has also been diagnosed to be having Autism. Can I claim Tax benefits for this? Renganathan , Banglore
The loss of vision in one eye or Autism or a [...]

Is Certifiacte of Disability A Must For Claiming Deduction u/s 80DDB?

My father suffered a brain hemmorage on the 25th of feb 09 and is being subsequently treated for the same. The disease diagnosed is dementia and Left side Paralysis and is completely bedridden. The expenses incurred have already crossed Rs 4lacs. Me and my husband have borne most of the expenses and want to claim [...]

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