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Old 09.12.2010, 17:44
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Payment to Dependents-Tax Deduction

Hello All

Cound not find a relevant thread discussing this.If i make a pyment to my dependents ( my Parents) staying in my native country , is this allowed to be duducted from my taxable salary. If so , is there any limit to this and what documentation we need to provide.

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Old 09.12.2010, 18:16
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Re: Payment to Dependents-Tax Deduction

Did for the taxes in 2010 through a tax consultant. Gave copies of the passports (mine and my parents) and also provided bank statments for the entire year which showed the funds transfer out and funds transfered into the native country. Tax consultant also had me right a letter stating the age of my parents and also that I support them blah, blah.. it ended up being considered. He also told me that sometimes they might ask for additional information but in my case they did not.

Cheers.

p.s Of course the amount has to be reasonable. If you say that you are sending something like 4 - 5 Grand every month to family abroad they will have a hard time believing you.

Last edited by The Real Stig; 09.12.2010 at 18:18. Reason: missed comments.
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