Senior citizen
Amit007 (finance officer) (49 Points)
14 April 2016Amit007 (finance officer) (49 Points)
14 April 2016
Deepak Kumar
(Chartered Accoountant)
(270 Points)
Replied 14 April 2016
Your father can Claim Medical Expenses u/s 80ddb upto Rs. 40000/- in F.Y. 15-16.
Your Father can make investment u/s 80 C Rs.150000/- In F.Y. 16-17 to reduce tax
Rajesh
(Former Director DRDO)
(114 Points)
Replied 15 April 2016
If he is staying in rented accommodation he can deduct Rs 24000/- u/s 80GG for rental accommodation.
Manian
(CM)
(209 Points)
Replied 15 April 2016
If your Mother has a PAN No; your Father can Invest some of the FDs in your mothers name and make her an Assessee. You please see that the income does not exceed Rs. 3 lack in each case.
Deepak Kumar
(Chartered Accoountant)
(270 Points)
Replied 15 April 2016
But if Amount Gifted to your mother by your father cubbing provision will be applied
Manian
(CM)
(209 Points)
Replied 16 April 2016
There are ways to avoid clubbing provisions whic cannot be discussed here.
Amit007
(finance officer)
(49 Points)
Replied 16 April 2016
Thanks for helping me.
Dear Manian ji can you help to abiod clubbing proviosions? If you dnt mind you can email me ysamit.das @ gmail.com