Premium of mediclaim , joint savings a/c , joint fd a/c

This query is : Resolved

P. SHARMA (Querist)
Follow

09 March 2019 I have joint saving A/C and FD A/C with my mother , please inform me the Interest on Saving A/C & FD A/C to be considered for Income tax calculation. My mother not submit the Income Tax Return.

I have paid premium on mediclaim on the behalf of my mother of Rs 6000/- on 30.09.2018 and also paid premium of Rs 9370/- on 31.12.2018 for me. My mother age is 70 years. Please inform me the deduction U/S 80D.

Gokul Sharma

Gokul Sharma (Expert)
Follow

09 March 2019 80D deduction 6000+9370 int taxable in hands of first name of bank account

CA ANUBHAV

CA ANUBHAV (Expert)
Follow

09 March 2019 for saving bank and FDR interest you have to check the first name in such account.. if you can prove that such funds are owned by your mother only then interest will be her income.. in your case she is not filing return so she will not have that much funds for FDR so it will be either 50% or 100% in your hands...

You can claim deduction of both medical premium u/s 80D..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

VIJAY M DHANAK

RADHAKRISHNAN A R

venkateswara reddy

KANISHKA HISARIA

Chandrasekhar gadde

Subscribe Now

Premium of mediclaim , joint savings a/c , joint fd a/c

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA