I want to account the PPF Interest gained in the EXEMPT Income Section. In the ITR EI Section there is only 2 Options for Provident Fund payment received. Section 10 (11) Statutory Provident Fund Received and Section 10 (12) Recognized Provident Fund Received.
Please advice which one of option i have to select for PPF Interest gained in the FY 2022-23.
I have a query related to the option under Income from House Property section “Tax paid to local authority”
We have self occupied House property and we have paid property tax to BMC in the last FY22-23, can we show this deduction while filing ITR-1?
Remote Working/Working from Home expenses such as Electricity/Broadband charges can be claimed as Deduction/Exemption while filing ITR-1 as my office is in another state and Work From Home is allowed in policy?
The property tax paid to the local authority for Income from the house property cannot be claimed as a deduction while filing ITR.
Deductions under this section are specifically related to the interest paid on housing loans and standard deductions, but property tax does not fall under these categories.
Regarding working-from-home expenses, ITD has not introduced any specific provisions or laws that allow for the deduction or exemption of these expenses while filing ITR.
One more query related to Medical expenses (ex Lab Tests/Medicines) for Senior citizen parents (age 66) which are not covered by Health Insurance company can be claimed under Medical Expenditure in 80D section right? What proofs are required while filing ITR?
Can you plz confirm If 50000 is max limit for expenses?
Yes, you can claim these medical expenses for lab tests/medicines for senior citizen parents u/s 80D.
No proofs are required as such. Just that if you have the receipts it’ll be a piece of sufficient evidence in case you receive a notice in the future.
Yes, ₹50,000 is the maximum amount you can claim u/s 80D for the same.