can u help me regarding tax planning,
my neighbour is now running 78 age and retired person,
at present he received the following 3 types of income.
1.every month received pension [i.e uncomuted pension]
2.fixed deposites in some co-op sch bank, and received interest.
3. and also invetst 9% senior citizen saving schem.
all the above 3 source of income total amt to Rs. 4,00,000/- {i.e Gross total income]
he also invested under 80-C which investment r eligible under 80 C.
than his Net taxable income comes 2 Rs. 3,00,000/-
than my question is, my neighbour can b claim some expenses as regarded travelling exp., because my neighbour had every month go to bank and update it his passbook 2 see the interest on FD 2 withdraw for surviving.
is it possible to claim travelling expeses, and is possible than suggest me the all 3 types of income under which head 2 come.
thanks 4 share with us, and best of luck,
CAclubindia
