Sirish's father is dependent on him and suffering with 90% disability. Sirish has incurred an amount of ₹98,000 during the financial year 2021-22 in maintaining and on medical treatment of his father. The deduction he ca

CS Executive · Tax Laws · PYQS · June 2022
Sirish's father is dependent on him and suffering with 90% disability. Sirish has incurred an amount of ₹98,000 during the financial year 2021-22 in maintaining and on medical treatment of his father. The deduction he can claim in his income tax return for Assessment Year 2022-23 if opted for section 115 BAC is:
(A) ₹98,000
(B) Nil
(C) ₹75,000
(D) ₹1,25,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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