Question

1. Money received by dependant parents from their son is income as per Income Tax Act.

2. Income received from smuggling activity is income as per Income Tax Act.

3. Reimbursement of actual travelling expenses to an employee is income as per Income Tax Act.

4. Arrears of bonus, received in lump sum by an employee is income as per Income Tax Act.

5. Extra sales money received on account of devaluation of currency is income as per Income Tax
Act.
refer the above statement n state which statement is true n false​

Answer 1

Answer:

FAQs. What is Section 80DD? Section 80DD of the Income Tax Act, 1961, allows individuals to claim tax benefits for the expenses incurred on the medical treatment, training or rehabilitation of a disabled dependant. The dependant can be spouse, children, parents, brothers and sisters of the taxpayer.