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rp2050 (propreitor)     12 June 2022

Dependent parent- income - for medical /lfc

For the purpose of Dependent Family Member For Parents:

 

For benefit of Mediclaim/LFC

 

Whether income from the below sources is considered:

FD is considered towards monthly income?

Dividend ?

Longterm/ short term capital gain?
 



Learning

 2 Replies

Mahi Manchanda   27 June 2022

Hi,

interest earned on FD's, Dividends and Capital gains- short and long term are considered as income from other sources under the Income Tax Act, 1961 and are taxable.

So, to answer your question - yes they are considered as income.

I hope this answers your question.

Have a good day!

Sudhir Kumar, Advocate (Advocate)     22 January 2023

Income from all sources is the parameter for adjudging dependancy.


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