Tax planning
This query is : Resolved
22 January 2014
Experts,
Mr. X, a retired person receives Rs.2.50 lacs pension p.a., and interest on FD Rs.2 lacs p.a.. Thus total taxable income of Rs.4.50 lacs.
Is there any scope for tax planning and reducing burden of tax in his case, other than deduction under chapter VI ?
Thanks,
CA. Devanand Jethanandani
Mr. X, a retired person receives Rs.2.50 lacs pension p.a., and interest on FD Rs.2 lacs p.a.. Thus total taxable income of Rs.4.50 lacs.
Is there any scope for tax planning and reducing burden of tax in his case, other than deduction under chapter VI ?
Thanks,
CA. Devanand Jethanandani
22 January 2014
Hi
He can claim 80D, 80TTA, if House in name of spouse then can show HRA.
Thx
He can claim 80D, 80TTA, if House in name of spouse then can show HRA.
Thx
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