Income Tax: Section 80DD Bare Act Analysis, Deduction Disabled Dependant's Medical/Insurance Expense
Namaskar Dosto, Aaj ke is video me hum log Section 80DD Of Income Tax Act, 1961 As Amended by Finance Act, 2017 ki Bare Act analysis aur Income Tax Rule 11A ko discuss karenge, jo ki pahale ke videos ki tarah pure detail me hoga. Umeed Hai dosto aap ko video pasand aayega. Video ko Like, Share & Channel ko Subscribe karna na bhule.
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Summary Of Section 80DD: Deduction Available To: Individual or a Hindu undivided family, who is a Resident in India. Deduction of Rs. 75,000 (Rs. 1,25,000 in case of severe disability) to a resident individual/HUF where (a) any expenditure has been incurred for the medical treatment (including nursing), training and rehabilitation of a dependant, being a person with disability [as defined under Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995] (w.e.f. assessment year 2005-06 including autism, cerebral palsy and multiple disability as referred to in National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation & Multiple Disabilities Act, 1999), or (b) any amount is paid or deposited under an approved scheme framed in this behalf by the LIC or any other insurer or the Administrator or the specified company for the maintenance of a dependent, being a person with disability (subject to certain conditions)
For Rule-11A, Income-tax Rules: Medical authority for certifying autism, cerebral palsy and multiple disabilities and certificate to be obtained from the medical authority for the purposes of deduction under section 80DD and this is in Form No. 10-IA, where the person with disability or severe disability is suffering from autism, cerebral palsy or multiple disability from a Neurologist having a degree of Doctor of Medicine (MD) in Neurology (in case of children, a Paediatric Neurologist having an equivalent degree); or a Civil Surgeon or Chief Medical Officer in a Government hospital. FOR FULL RULE 11A DOWNLOAD PDF FROM ABOVE PROVIDED LINK.
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