Mrs. Ritu is a retired Government employee. She was born on 01.04.1942 in India. She is residing in Delhi. She stayed with her elder son Mr. Nakul…

CA Intermediate · Taxation · MTP · May 2025
Mrs. Ritu is a retired Government employee. She was born on 01.04.1942 in India. She is residing in Delhi. She stayed with her elder son Mr. Nakul from 1st May, 2024 to 15th October, 2024, who is residing in Australia. She stayed in India for 361 days during the 4 previous years preceding the previous year 2024-25. During the previous year 2024-25, pension of 7,15,461 is credited in her account with State Bank of India, Uttam Nagar Branch, Delhi after deducting tax at source of 14,565. She received interest of 4,352 on her saving A/c with SBI during the previous year 2024-25. She also received interest of 67,500 (Net of TDS) on Fixed Deposits with Canara Bank in the month of April, 2024. She has purchased two life insurance policies for her son Mr. Yuvaan and married daughter Mrs. Kajal, the details of which are as follows: Person insured Policy purchased on Date of payment of premium Sum Assured Premium paid Mr. Yuvaan (50 years old) 15.10.2020 23.10.2024 9,84,655 1,00,388 Mrs. Shobha (45 years old) 20.09.2020 25.09.2024 2,00,000 17,000 She has taken medical insurance for herself for which she paid an amount of 35,000 towards health insurance premium by A/c payee cheque. She incurred - 7,500 towards preventive health check-up of herself and her husband in cash. She also incurred medical expenditure of 25,000 in cash in the month of January 2025 for her husband. In the month of March 2025, she incurred medical expenditure of 10,500 for herself, which is paid by account payee cheque. She has given a wristwatch of 10,000 on her husband's 85th birthday. Her husband is resident in India for the P.Y. 2024-25. Based on the facts of the case scenario given above, choose the most appropriate answer to the following questions:
(A) ₹ 2,05,466
(B) ₹ 2,08,466
(C) ₹ 2,07,388
(D) ₹ 2,18,466

Suggested Answer and Working Notes:

Correct Answer: Option (A)

₹ 2,05,466

Topics: Paper 3B: Goods and Services Tax, Paper 3A: Income Tax Laws

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic