SIMPLE TAX INDIA

Grand Mom is not covered under section 80DDB

2012-02-15T18:24:41.052+05:30

Grand Mom is not covered under section 80DDB

my grand mom is undergoing a cataract operation . ...

2012-02-15T16:29:52.607+05:30

my grand mom is undergoing a cataract operation . She is 75 yrs of age. under such circumstance am i liable to claim deduction under 80DDB ?

Hi thanks for the post...It cleared a no. of doubt...

2012-02-15T13:59:14.333+05:30

Hi thanks for the post...It cleared a no. of doubts..But still have a doubt..
Basic for the whole year = 130800
HRA paid = 52320
Rent paid = 6500*12= 78000
According to the calculations, HRA exempted would be 52320, but it is 50620 and the difference 1700 has been added to my net taxable income. Can you help me understand where does this figure come in from?

Rural Agricultural land is not covered under incom...

2012-02-15T11:54:25.220+05:30

Rural Agricultural land is not covered under income tax at all ,so the same is exempted from tax

Dear R Venky Details as required by you is alread...

2012-02-15T11:53:22.196+05:30

Dear R Venky

Details as required by you is already available at link given below

http://www.simpletaxindia.net/2011/12/income-tax-rates-2011-12-exemption.html

SIR I HAD SOLD MY ANCESTRAL AGRICULTURE LAND PUREL...

2012-02-14T22:57:58.684+05:30

SIR I HAD SOLD MY ANCESTRAL AGRICULTURE LAND PURELY RURAL IN NOV 2011 WILL THIS ATTRACT INCOME TAX OR NOT.

in this coloum you can also advice how individual ...

2012-02-14T20:30:23.030+05:30

in this coloum you can also advice how individual can use 80C/80D and also exemption limit for senior citizen above 60 and also above 80 which will be very mucch useful. Veeraraghavan

Dear Hardik , I ultimate payer is Father and daug...

2012-02-14T19:26:36.047+05:30

Dear Hardik ,

I ultimate payer is Father and daughter account is a medium only then Father can claim the tuition benefit

Your employer has opted for best option available ...

2012-02-14T19:25:02.413+05:30

Your employer has opted for best option available to him ,balance HRA you should claim Balance exemption while filing the Income Tax

I Pay a rent of 29500/- (which is more than the 15...

2012-02-14T18:16:55.864+05:30

I Pay a rent of 29500/- (which is more than the 15000/- cap limit) and my Landlord does not have a PAN. He is not ready to give a declaration too for the same. How do i calculate my HRA exemption in this case. My employer has considered 15000/- as the Rent paid and Deducted and the rest he has moved to Taxable income. Please clarify.

Can father claim the fees paid by daughter from he...

2012-02-14T14:08:31.390+05:30

Can father claim the fees paid by daughter from her Bank Account to university?

Ganeshmal Tejraj Professional commercial kitchen e...

2012-02-14T13:08:35.188+05:30

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No you can not claim HRA exemption without produci...

2012-02-14T10:00:12.659+05:30

No you can not claim HRA exemption without producing rent receipt ,as HRA received per month is exceeding 3000/-

I AM RECEIVING RS. 3200 PER MONTH AS HRA. CAN I C...

2012-02-14T02:40:48.476+05:30

I AM RECEIVING RS. 3200 PER MONTH AS HRA. CAN I CLAIM REBATE FOR RS 3000 WITHOUT PRODUCING BILL? THE BALANCE RS 200 WILL BE TAKEN FOR TAXATION. RAJAN

Yes You can claim Tuition fees for two children i....

2012-02-13T14:10:12.744+05:30

Yes You can claim Tuition fees for two children i.e 110000 subject to maximum 100000 limit of 80C

i have paid rs 70000/- toward tution fee in punjab...

2012-02-13T13:21:16.909+05:30

i have paid rs 70000/- toward tution fee in punjabi university for pharma course of my son and have also paid rs 40000/- for sch.fee of other son can i claim tax benifit

Dear SNX Your wife can receive gift from her sist...

2012-02-12T19:07:14.968+05:30

Dear SNX

Your wife can receive gift from her sister without any limit without any tax liability . However you should receive gift through cheque . This is as per Income tax act.

Further you have to check FEMA rule regarding foreign transactions

My wife's sister who is a PIO living abroad wa...

2012-02-12T18:03:16.802+05:30

My wife's sister who is a PIO living abroad wants to gift her a gift of 100,000USD. (approx Ind Rs. 50 Lacs)
My questions
Is this sum taxable in india?
What is the upper limit for siblings to receive a gift (from Abroad) in cash without attracting any tax in India.

Sir I am posted in judicial services. Heavy expen...

2012-02-11T15:23:20.054+05:30

Sir
I am posted in judicial services. Heavy expenditure incurred to me during the second delivery of my wife. During the period of delivery in the hospital the lady doctore advised me to immediately take her to appolo hospitals as some heart defect was detected during that. thereafter we immediately shifted her to appolo from that hospital . During this period two bills were generated i.e one at the gynecological hospital and one at appolo hospital.

My question
Can I claim exemption of these amount in this financial year of
a) of both bills
b) any one of them
C) None of them

Rajeev

now with Supreme Court having given judgement that...

2012-02-11T10:23:02.217+05:30

now with Supreme Court having given judgement that Proofs are not required while claiming LTA ! Pl throw light on this in context to the Judgement given If i am correct Judgement was given on 5th March 2005

As per circular 5/2011 pan of the landlord or decl...

2012-02-10T18:27:52.262+05:30

As per circular 5/2011 pan of the landlord or declaration from landlord is required to be shown to employer (DDO) .The same is possible for you so you should claim HRA exemption while filing Income Tax Return

I Pay a rent of 29500/- (which is more than the 15...

2012-02-10T18:02:52.828+05:30

Dear Supriya, Fees for entrance fee is not eligibl...

2012-02-10T07:53:07.036+05:30

Dear Supriya,
Fees for entrance fee is not eligible for deduction u/s 80c

can fees paid to institute for mba entrance traini...

2012-02-09T21:08:55.572+05:30

can fees paid to institute for mba entrance training can be claimed 80c

Maximum deduction available to you is 60000 minus ...

2012-02-09T19:25:50.564+05:30

Maximum deduction available to you is 60000 minus claim given to you by employer/insurance company. As the claim given by insurance company is more than 60000(1.66 Lakh),so nothing can be claimed as deduction u/s 80DDB

Read more: http://www.simpletaxindia.net/2009/01/deduction-us-80ddb-in-respect-of.html#ixzz1ltPixk6j