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

Can One Claim Deduction For Fee Paid to Coaching Institute?

Deduction of tuition fee :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...

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

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

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 , HaryanaThe 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?

deduction for investment in ULIP taxation : 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

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, your wife can open

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...

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...

Why Tuition Fee Is Not Available For Parents But Children?

I am working in a public sector company of India.I and my spouse both are doing correspondance course for higher education. Is tution fee...