Can a senior citizen mother claim her medical expenses in income tax? - PowerPoint PPT Presentation

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Can a senior citizen mother claim her medical expenses in income tax?

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The Income Tax Act allows you to claim a maximum deduction of Rs 50,000 (as of FY 2021–22) on medical expenses incurred on the healthcare of senior citizens (eligible parents) in a financial year. – PowerPoint PPT presentation

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Title: Can a senior citizen mother claim her medical expenses in income tax?


1
Senior Citizen The Income Tax Act allows you to
claim a maximum deduction of Rs 50,000 (as of FY
202122) on medical expenses incurred on the
healthcare of senior citizens (eligible parents)
in a financial year.
There is no fixed price or cost for registering
a Private Limited Company in India. There are
a number of dependent variables that determine
the cost of incorporation of a Private Limited
Company in India such as the location of
registered office, number of directors, amount
of authorised capital etc.
Can a senior citizen mother claim her medical
expenses in income tax? Is there a board of
directors in One Person Corporation (OPC)?
How much does a Private Limited Company
Registration cost in India?
2
OPC A single person can become the director in
an OPC. An OPC has this peculiar provision to
have a single director as well as upto 15. Hence
an OPC can have a board of directors.
However, it is not mandatorily required to have
atleast 2 directors as in the case of private
limited companies.
3
Whatsapp your Questions to us For Company
Registration in Kerala, visit parpella.com
Thank you!!
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