How to claim export tax estimate for medical expenses on handicapped dependent and /or dependent senior citizen?
for india
Answers:
Pamil Shah's answer is applicable if the entity have his own income. It is allowed lower than clause 80 U of Income rates Act.
If you want to claim medical expenses on 'handicapped dependent' it is allowed u/s 80DD. For this you own to pick up,"copy of authorization issued by the medical authority". Medical authority system any hospital or institution specified by notification by the policy for the purpose of the folks next to disabilities ( equal opportunity, protection of rights and full participation) work, 1995. Expenses and premiums compensated to LIC/UTI for such insurance both can be claimed.
The party contained by whose respect the claim is individual made must be completely or chiefly dependent on assesee and contained by dependent's armour conclusion u/s 80 U is not claimed.
Goes on Schedule A. That way you hold to do the long form, 1040. The expenses will enjoy to exceed 2% AGI to trademark it past its sell-by date the form though.
The amount of presumption is Rs.50,000/- (75,000 contained by crust of severe disability) notwithstanding actual amount of expenses incurred for medical expenses on handicapped dependent. Acutal expenditure incurred for medical treatment , traiing and rehabilitation of dependent with disability is allowable subject to the above mark out of RS.50,000/75,000. Optionally one can also deposit the amount surrounded by any cook up of LIC /UTI framed for this purpose. The warrant contained by form 10-IA is required to be obtain surrounded by satchel of severe disability. The conclusion is other subject to the above put a ceiling on.
For claiming expenses of dependent senior citizen, u necessitate to hold mediclaim of such individual. U can claim insurance premium to the extent of Rs.15,000/- p.a. for such senior citizen.
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Answers:
Pamil Shah's answer is applicable if the entity have his own income. It is allowed lower than clause 80 U of Income rates Act.
If you want to claim medical expenses on 'handicapped dependent' it is allowed u/s 80DD. For this you own to pick up,"copy of authorization issued by the medical authority". Medical authority system any hospital or institution specified by notification by the policy for the purpose of the folks next to disabilities ( equal opportunity, protection of rights and full participation) work, 1995. Expenses and premiums compensated to LIC/UTI for such insurance both can be claimed.
The party contained by whose respect the claim is individual made must be completely or chiefly dependent on assesee and contained by dependent's armour conclusion u/s 80 U is not claimed.
Goes on Schedule A. That way you hold to do the long form, 1040. The expenses will enjoy to exceed 2% AGI to trademark it past its sell-by date the form though.
The amount of presumption is Rs.50,000/- (75,000 contained by crust of severe disability) notwithstanding actual amount of expenses incurred for medical expenses on handicapped dependent. Acutal expenditure incurred for medical treatment , traiing and rehabilitation of dependent with disability is allowable subject to the above mark out of RS.50,000/75,000. Optionally one can also deposit the amount surrounded by any cook up of LIC /UTI framed for this purpose. The warrant contained by form 10-IA is required to be obtain surrounded by satchel of severe disability. The conclusion is other subject to the above put a ceiling on.
For claiming expenses of dependent senior citizen, u necessitate to hold mediclaim of such individual. U can claim insurance premium to the extent of Rs.15,000/- p.a. for such senior citizen.