Prabal Kumar Biswas
25 July 2021 at 01:23

Query regarding Sec 80D of IT Act

My mother is 69 years old and a tax payer. She is covered under Health Insurance Scheme of TCS (my wife is a TCS employee). The Health Insurance Scheme premium of my mother is not paid by TCS and her premium amount of Rs.11,210 per year gets deducted from the salary of my wife.
I have the following query:
1) Can my mother claim the Health Insurance Scheme premium of Rs.11,210 paid to TCS by my wife under sec tion 80D?
2) My mother underwent a surgery during the financial year 2020-21 which costed around Rs.2,50,000 but TCS paid only Rs.2,20,000 out of Health Insurance Scheme. Can my mother claim the difference amount of Rs.30,000 under section 80D (Medical Expenditure)?

Kindly reply at the earliest.


Kollipara Sundaraiah
24 July 2021 at 22:46

Gift of trade stock to son

Sir,
Business it Assess gift of trade stock (business stocks)to son allowed.if allowed what value at cost or fmv value.


kiran virpura
24 July 2021 at 22:05

SFT fixed deposit

Fixed deposits are in my name and second name is of my wife. Tax paid by me on Interest income. My wife is not liable for tax payment however such deposits are reported under SFT in 26AS of both of us. Any action required to be taken by my wife.


kiran virpura
24 July 2021 at 21:56

SFT foreign exchange

Foreign exchange purchase Rs. 222000/- reported in my wife's 26 As under SFT. My wife is housewife and no source of income. Foreign exchange purchased for LFC tours and payment made from our joint account. Whether it is necessary to file ITR of wife.


Guest
26 July 2021 at 11:03

ESI and PF Employee contribution

The Employee contribution of PF and ESI is disallowed for FY 2018-19 .After Budget 2021 is there any way of winning the case .Whether earlier case Laws M/S ESSAE TERAOKA PVT LTD VERSUS DEPUTY COMMISSIONER OF INCOME-TAX KARNATAKA HIGH COURT: February 4, 2014 [2014] 366 ITR 408 (Kar) holds good.Regards


Sandeep Kumar

I became ICAI member in April 2019 but I have not taken any CPE program credit in that year. In this case, whether any exemption is available for CPE hours or not for the first year of membership?


E.vikas

Hi All

Can I claim GST on office expenses(i.e, Itc on the computer used for office purposes not directly used for manufacturing) also as a part of the refund?


P.Harish
24 July 2021 at 14:46

Presumptive income by Professional

Dear experts Sir/ Madam
Can you please solve following queries
A Technical person , Senior Citizen, is drawing monthly salary ₹2 lac per month as a director from a company , He also getting ₹ 3.5 lac per month as consulting engineer services from others. He wants to pay tax U/s 44ADA .

Would he be eligible to claim 3.5 *12 = ₹42 lac under presumptive "income from business profession" 8% & rest ₹ 24 Lac under "salary"?
Kindly elaborate.


Mohit Malhotra

One of our client Company is into the trading of Lubricating Oils in Delhi.
Please guide me the procedure to obtain lubricating oils trading license for Delhi location.


Nimitha Kundanam

Dear Sir/Madam,

Can an individual claim deduction u/s 80CCB, 80U and 80D together for medical expenses. 80D is also on medical expenses, no mediclaim paid.






CCI Pro



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