Dear consultants, Good morning.I have a dependant parent. My query is as follows: " can I claim mon…
Dear consultants, Good morning.
I have a dependant parent. My query is as follows: " can I claim money for their expense as tax exemption" ?
If yes :
1 . under which section can I claim it ?
2. what is the maximum limit ?
3. which documents should I submit to claim this tax benefit ?
It is important to note that only those dependent parents who have a disability shall be allowed as deduction for the son/daughter taking care of them.
You can claim the benefit up to Rs. 75,000 based on the expense incurred for nursing, training, medical treatment, preservation, and rehabilitation of a dependent with disability (Rs. 1.25 lakh for an extreme and serious disability). Reliant can be any of your parents, children, your spouse, or siblings. You need to show or submit a supporting medical certificate.
