Raghu's father is dependent on him and suffering with 90% disability. Raghu has incurred an amount of ₹72,500 in maintaining and medical treatment of his father. The deduction he can claim in his income-tax return for as

CS Executive · Tax Laws and Practice · PYQS · December 2015
Raghu's father is dependent on him and suffering with 90% disability. Raghu has incurred an amount of ₹72,500 in maintaining and medical treatment of his father. The deduction he can claim in his income-tax return for assessment year 2015-16 is
(A) ₹72,500
(B) ₹50,000
(C) ₹1,00,000
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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