CA Final Download the best Free CA FINAL android app for cracking your exam! Download Now
They are the best ca final faculties in India. They have produced many toppers & rank holders. Their video classes are available only here -
CHECK VIDEO CLASSES HERE

Details of deduction allowed under section 80DDB

Details of deduction allowed under section 80DDB

Taxpayers who have dependants with specified diseases write to us to ask how to get a certificate for claiming deduction under section 80DDB in their income tax return. The income tax department has recently released a notification for this purpose.

Deduction under section 80DDB is allowed for medical treatment of a dependant who is suffering from a specified disease (listed in the table above).

  • Can be claimed by an Individual or HUF
  • Allowed to Resident Indians
  • When taxpayer has spent money on treatment of the dependant
  • Dependant shall mean spouse, children, parents and siblings
  • In case the dependant is insured and some payment is also received from insurer or reimbursed from employer -> such insurance or reimbursement received shall be subtracted from the deduction.

Amount allowed as a deduction

For FY 2014-15 (assessment year 2015-16)

  • 40,000/- or the amount actually paid, whichever is less.
  • In case of senior citizen Rs 60,000 or amount actually paid, whichever is less.

For FY 2015-16 (assessment year 2016-17)

  • 40,000/- or the amount actually paid, whichever is less.
  • In case of senior citizen Rs 60,000 or amount actually paid, whichever is less.
    • For very senior citizens Rs 80,000 is the maximum deduction that can be claimed.

Details of deduction allowed under section 80DDB

CAKARt

CAKART

At  CAKART www.cakart.in you will get everything that you  need  to be successful in your CA CS CMA exam – India’s best faculty  video  classes (online or in pen drive) most popular books of best  authors  (ebooks hard copies) best scanners and all exam related  information  and notifications.Visit www.cakart.in and chat with our  counsellors  any time. We are happy to help you make successful in your  exams.

www.cakart.in

www.cakart.in

Click here to download FREE CA CS CMA books.

Leave a comment

Your email address will not be published. Required fields are marked *