[30min.' Live Discussion with Experts] on Proof of Investment Submission; Everything you must know!; 3:30PM to 4:00PM, 10th February 2022

General Discussions
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50

Hello Sirs,

can employee claim medical bills for parents or senior citizens, even if employee has company medical policy including parents?

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51

Such deduction is for interest amount only upto a prescribed limit.

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52

No, if the senior citizen parents have a medical policy, then any medical expenditure is not an allowable deduction under Section 80D.

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53

Sir- How is medical expense different from medical insurance?

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54

Interest on Vehicle Loan

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55

In medical insurance, premium amount has to be paid and there is a specified deduction carved under Section 80D. Medical expense normally entail expenses on medical tests, check up, etc.

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56

In medical insurance, premium amount has to be paid and there is a specified deduction carved under Section 80D. Medical expense normally entail expenses on medical tests, check up, etc.

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57

Dear Experts,

If House property is let out property, can one claim deduction for loan repayment through salary or it needs to be claimed at the time of filing of Returns?

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58

Yes, the amount of Rent be paid by Cheque of any online payment mode the Proof of payment and Bank statement must be submitted as proof of payment

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59

Experts, If we receive House Rent, does that need to be disclosed to the employer in the tax declaration?

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60

There is not a mandatory requirement to report such income to employer. However, the employees have the liberty to furnish such other income details to the employer. This prevents the employee from suffering interest on account of late payment of taxes.

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61

In case of let out property, the interest deduction can be claimed by providing relevant details to the employer organisation.

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62

Dear sirs,

In case if we incur Loss due to non receipt of Rent, can we show it as Income Loss?

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63

Hi @AnuragJain @DILIP ,

Thank you for being part of the great learning experience and a wonderful session

It’s been a wonderful session. Our members now have a good amount of posts to read and put into use in their work. It will be very useful to every community member.

Members you can connect with the Experts Mr. Anurag Jain @AnuragJain & Mr Dilip Thakkar @DILIP in the community.

Thank you again! Thanks all.

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64

Hi Members,

Hope the session was informative and knowledgeable one. Do take time to read and summarize the whole bunch of questions answered by our expert panel.

Meanwhile you could also refer to a detailed article on Proof of Investment submission here:

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