You have not clarified whether the agricultural land sold by you was beyond the distance of 8 km from the jurisdiction of the notified area committee. In case the agricultural land is so situated, it would be treated as a 'capital asset' and profit arising on sale of such a land would be eligible to tax. In such a case, fair market value of the agricultural land as on April 1, , would be required so as to ascertain the indexed cost thereof as on the date of sale.
In absence of these details, it is not possible to compute tax, if any leviable on the profit arising on the agricultural land sold by you. It is not possible to compute tax on the profit arising on the sale of house as fair market value of such house as on April 1, , has not been indicated. This will have to be ascertained so as to compute the indexed cost of the house as on the date of sale.
The computation of capital gain, if any, would also require the details with regard to sale consideration of the house and area of the land beneath such house. Colonel, his wife and son among 7 dead in ambush by terrorists in Manipur. Air pollution: Delhi schools to close down for a week, government officials to work from home. Punjab does away with obtaining CLU for standalone industries in permissible zones. Dengue patient sends legal notice to Amritsar MC, health officials.
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Theft in house in Ludhiana; cash, ornaments stolen. By law, to qualify as deductible, services must be prescribed and delivered by authorized medical practitioners. This is where medical expenses in CRA law can get sticky.
Not all provinces handle medical practitioner licensing and recognition the same way. For example, only five of the 13 provinces license and recognize acupuncturists as approved providers.
Similarly, psychologists are recognized in every province, but marriage and family therapists are recognized in only one. Thus, which services a taxpayer can deduct vary depending on:.
A full list of which provinces recognize which types of providers is available for reference. Along the same lines, the deductibility of many products and services depends on whether a licensed professional prescribed them to you or not. For instance, if you purchase a cane or other mobility aid just because you think you need one, it is not tax-deductible.
If you visit your doctor about mobility concerns and they determine that you need one and prescribe that you buy one, that same aid then becomes deductible. With that in mind, you can maximize your potential deductions by consulting with your primary care or other authorized provider before investing in medical devices or services. The third primary factor in what you can deduct on your taxes is the total cost. The essential rules on this front are that:. If you keep a record of that cost, it can go toward your total deductible when you file your taxes.
If you do not keep a record and cannot prove that you spent that money on that service, then you cannot deduct it. If you file your taxes in hard copy, you will submit your receipts when you file. If you file electronically, you simply need to keep copies of your receipts so that they are available if the CRA requests them for audit purposes in the future.
Not all taxpayers will find it useful to collect receipts and deduct specific expenses on their taxes. This is because the CRA provides an automatic deduction. This deduction is adjusted annually. Taxpayers who spend less than or around the same amount on health care as the standard deductible are better off taking that deductible than tracking and proving their expenses all year. Households that spend more than the standard deductible can benefit substantially by filing for the full medical expenses deductible for which they qualify.
Taxpayers who are not sure if it is worthwhile for them to track their expenses should consult their tax preparer. You can also access the myAccount service on mobile and tablet devices using Revenue's RevApp. You can also claim medical expenses relief offline by completing a paper Form 12 pdf , or a Form 12S pdf a simplified version for routine tax returns and returning it to your Revenue office.
You can request a Form 12 or a Form 12S by calling Revenue at 01 and giving your name, your full postal address, your Personal Public Service PPS number and the number of forms you need. Alternatively, you can email these details to custform revenue. You can only claim for medical expenses if you have receipts to prove your claim. Revenue's myAccount service includes a receipts tracker service which allows you to store your receipt details online.
If you don't use this service, you must keep your medical receipts for six years because Revenue may investigate your claim. A medical form MED2 pdf is a receipt to prove your dental expenses. Your dentist will normally have a supply of MED 2 forms and should complete it for you. Relief is given by way of repayment at the end of the year. Since 1 January , the time limit on claims for repayment of tax is four years. If you have a question about this topic you can contact the Citizens Information Phone Service on 07 Monday to Friday, 9am to 8pm.
You can also contact your local Citizens Information Centre or Request a call back from an information officer. Introduction If you pay medical expenses that are not covered by the State or by private health insurance, you can claim tax relief on some of those expenses. You can only claim relief on health expenses if you are a taxpayer. Medical expenses You can claim tax relief on medical expenses you pay for yourself and for any other person.
As these medical conditions are generally ongoing, a letter instead of prescriptions from a doctor stating that the individual is a coeliac sufferer or diabetic is acceptable. Receipts from supermarkets in addition to receipts from chemists are acceptable.
Long-term care insurance You can now receive a tax credit for payments to long-term care insurance schemes. Travelling abroad for treatment You can claim tax relief on the cost of medical treatment you get outside the State. Dental and optical treatment You cannot get tax relief for routine ophthalmic and dental care. Child oncology patients and children with permanent disabilities In the case of children receiving treatment for cancer that is, child oncology patients and children with permanent disabilities, you can claim tax relief on the following as health expenses: Telephone: Where a child oncology patient or a child with a permanent disability is being treated at home, you can claim a flat rate payment to cover telephone rental and calls where those expenses are incurred for purposes directly connected with the treatment of the child.
Travel: The cost incurred in travelling unlimited journeys to and from any hospital for: The patient and accompanying parents or guardians and Parents or guardians of the patient Where such trips are shown to be essential to the treatment of the child.
Kidney patients Tax relief is granted under specific headings in respect of certain expenses incurred by kidney patients. Health insurance If you have health insurance, you can get tax relief on the premium you pay to an approved insurer.
How to apply You do not need to do anything about tax relief for health insurance or long-term care insurance because the credits are granted automatically at source TRS. You must apply separately for medical expenses relief. Page edited: 1 September
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