This Query has 1 replies
My uncle (salaried employee) had to incurre medical expenditures as under in FY 2021-2022.
1. for senior citizen dependent mother (who is fully dependent on walker) Rs.50,000/- for her regular check-ups and medicines for her knee/leg ailments.
2. for knee replacement surgery of dependent wife (who is not senior citizen). Out of total expenditure, about Rs.1,50,000/- were not reimbursed by mediclaim company.
Query is, whether or not uncle can claim deduction u/s.80DDB independently for both patients which will total to Rs.1,40,000/- (1 Lakh for mother and 40 thousand for wife)? Apparently, deduction for only 1 person is taken by software utility, is it right? Which is the other section under which deduction can be claimed in such situation?
This Query has 7 replies
DEAR SIR,
ONE OF MY CLIENT RETIRED IN THE YEAR OF 2020. NOW HE IS PENSIONER BUT HE RECEIVED ONE MESSEGE FROM INCOME TAX DEPARTMENT NON FILING OF INCOME TAX RETURN. ACTUALLY HE IS NOT LIABLE FILE INCOME TAX RETURNS. HIS TOTAL SALARY FOR THE YEAR DOES NOT EXCEED RS. 250000/-. BUT HE WITHDRAW HIS ENTIRE RETIREMENT AMOUNT FROM BANK OF RS. 17,90000/- TO DEPOSITED TO POST OFFICE FOR HIGHER INTEREST RATES.
NOW HE RECEIVED MESSAGE FROM ITD TO FILE INCOME TAX RETURNS THROUGH SFT TRANSACTION REQUIRED TO FILE INCOME TAX RETURN.
NOW HE SHOULD FILE INCOME TAX RETURN OR RESPONSE IN ANNUAL INFORMATION STATEMENT IN PRELIMINARY RESPONSE.
PLEASE GUIDE ME
REGARDS
This Query has 3 replies
An unsecured loan of Rs.5.00 lac was receivable by my client A from a person. Mr. A died. Now how can wife of Mr. A get the said loan transferred to her name ? so that Interest and ITDS can be shown be in her ITR .
This Query has 1 replies
dea sir
please clarify that our shop already running a business in a building on rent
but building have purchases from his owner,, registry in the partnership firm name... with partner name . the firm purchases building for his partners via home loan
how to avail interest and depreciation in partnership business balance sheet.
This Query has 1 replies
Dear Expert, I filed ITR A.Y 2022-23 dated 20/07/22 But ITR Process in 22 sep 2022. But by mistake i filed rectification request 19/09/22 . i submit rectification tab- Only Repocess tab. Original ITR process 22 sept 22 & refund 2940/- credit in my account . Rectification request process 15 dec 22 and Demand raise 2470/- Total Income 184550/- TDS =2940/- please suggest. how to cancel rectification request or cancel demand . already refund received
Sir, Original return Order show TDS 2940/- actual TDS A.Y 2022-23 2940/- so Original Return Order correct. But rectified order TDS show Rs. 521/- by department order & Year SHow 2020 and A.Y 2021-22 TDS is 521/- I think main problem year. Please suggest.
This Query has 1 replies
Dear Expert, I filed ITR A.Y 2022-23 dated 20/07/22 But ITR Process in 22 sep 2022. But by mistake i filed rectification request 19/09/22 . i submit rectification tab- Only Repocess tab. Original ITR process 22 sept 22 & refund 2940/- credit in my account . Rectification request process 15 dec 22 and Demand raise 2470/- Total Income 184550/- TDS =2940/- please suggest. how to cancel rectification request or cancel demand . already refund received.
This Query has 3 replies
4 persons, (3 doctors and 1 Non Doctor) form a Firm to run the business of General Hospital. None of the 3 doctors, render their services in the hospital, however, the non doctor partner, maintains the day to day activities of the Hospital. Plese Suggest, is Section 44AD Applicable to file the return or should we consider the Income u/s 44ADA.
This Query has 1 replies
We (Pvt Ltd company) are using Cashfree as Payment gateway charges. While making the payments, Cashfree charges and deducts its service charge at the same time from our balance with it. At the month end it raises invoices for the payout and other services it offers. Query- 1. Is the company liable to deduct TDS on the invoices received from Cashfree. These are already prepaid. 2. Is yes, TDS under which section to be deposited? 3. How to recover the TDS deposited by us from Cashfree as the invoice is already prepaid in full amount? Please guide. Thanks
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MY MOTHER OPERATION HAS BEEN DONE FOR PILES TREATMENT. NO MEDICLAIM TAKEN. RS.40000/- EXPENDED ON MEDICAL TREATMENT OF PILES OPERATION. MY MOTHER AGE IS 72 YEARS. CAN I TAKE THIS EXPENDITURE OF RS.40000/- AS DEDUCTION UNDER SECTION 80DDB OR ANY OTHER SECTION OF INCOME TAX ACT? PLEASE REPLY
This Query has 6 replies
Respected Sir,
Stamp Vendor Purchase a stamp of rs. 80 Lakh and sale the same . He Received Commission for that Subject to tds
My question is this transaction Show in Income Tax as purchase and sales or only Commission income ?
If We Considered as Purchase and sales then GST Registration is Required ??
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Deduction for medical expenditures of senior and non-senior dependent