Gift to mother
This query is : Resolved
VARUN VERMA
(Querist)
09 May 2012
I intend to save some tax & have heard that money given to mother can be tax free. Is it? If yes, then how? If no, what are other methods to save tax besides 80C, 80D, Home loan, HRA?
CA.Amit Revankar
(Expert)
10 May 2012
Medical expenses - 15000 pa, phone reimbursement - 20000 pa, food coupon - 15000, LTA and many more expenses depending how flexible and efficient your organisation is for tax planning of their employees
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