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

The Income Tax Act allows you to claim a maximum deduction of Rs 50,000 (as of FY 2021u201322) on medical expenses incurred on the healthcare of senior citizens (eligible parents) in a financial year.<br><br>

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

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  1. Senior Citizen: 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. 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. Can a senior citizen mother claim her medical expenses in income tax? How much does a Private Limited Company Registration cost in India? in One Person Corporation (OPC)? Is there a board of directors

  2. However, it is not mandatorily required to have atleast 2 directors as in the case of private limited companies. 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.

  3. Thank you!! Whatsapp your Questions to us For Company Registration in Kerala, visit parpella.com

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