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Taxability of online help towards medical exps of family member

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147 Points Posted on 07 January 2021
respected all,

please advice me regarding one problem that, my brother's father suffer from paralysis diesease and he had applied online for help and received Rs. 150000/-, so whether these amount is taxable, or to credit to ledger of medical exps... as total medical exps incurred is Rs. 900000/-.
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On 07 January 2021 at 06:59 Report
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Chartered Accountant
24588 Points Posted on 07 January 2021
Only medical expenses is deductible u/s 80D upto 50000 rupees
129 Reply
On 07 January 2021 at 09:47
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Partner
1072 Points Posted on 07 January 2021

I think it is to be taxable u/s 56

4 Reply
On 07 January 2021 at 20:17
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17264 Points Posted on 08 January 2021
Through online help he collected 150000/- and which is more than 50000/- in aggregate for the purpose of Gift. as the amount is exceeding 50000/- the entire amount of 1.50 lakhs will be included as income from other sources in the return of your brother's father.
101 Reply
On 08 January 2021 at 14:08
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147 Points Posted on 08 January 2021
But amount received in bank account of my brother because father was hospitalised.
so what will be the taxability in hands of father and son..?
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On 08 January 2021 at 14:28
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17264 Points Posted on 08 January 2021
Transfer money to your father's account. it's taxable in father's account.
101 Reply
On 08 January 2021 at 16:21
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147 Points Posted on 08 January 2021
Ok that means that amount is not taxable in the hands of my brother...?
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On 08 January 2021 at 16:44
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17264 Points Posted on 09 January 2021
Better to receive help in name of father's account.
101 Reply
On 09 January 2021 at 15:21
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147 Points Posted on 09 January 2021
Sorry sir i cant understood whats to do.
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On 09 January 2021 at 18:14
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17264 Points Posted on 09 January 2021
Don't worry. You transfer to father's account. it will be considered in father's name.
101 Reply
On 09 January 2021 at 19:13
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147 Points Posted on 09 January 2021
Ok thank you sir
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On 09 January 2021 at 19:19


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